Effect of Errors in Physical Inventory Fonda Motorcycle Shop sells motorcycles, ATVs, and other related supplies and accessories. During the taking of its physical inventory on December 31, 20Y1, Fonda incorrectly counted its inventory as $323,170 instead of the correct amount of $310,240. Enter all amounts as positive numbers. a. State the effects of the error on the December 31, 20Y1, balance sheet of Fonda Motorcycle Shop. Balance Sheet Items Overstated/Understated Amount Inventory Overstated $fill in the blank 2 13,010 Current Assets Overstated $fill in the blank 4 7,990 Total Assets Overstated $fill in the blank 6 Stockholders Equity Overstated $fill in the blank 8