Effect of Errors in Physical Inventory Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on Decembe 20Y2, Missouri River Supply incorrectly counted its inventory as $505,160 instead of the correct amount of $521,340. Enter all amounts as positive numbers. a. State the effect of the error on the December 31,20Y2, balance sheet of Missouri Rivar Ginnl camber 31,2012 - wuncorrected, what would be the effect of the eror on the 200 income statemants. d. If uncorrected, what would be twe effect of the error on the Deceniber 31, 20Y3, balance sheet? 1. The December 32, 20y3, balance sheet would be correct, aince the zov2 inventary error reverses itsey in 20r3. 2. The December 31, 20Y3, balance sheet would be incerrect, since the zon2 inventory error overstates the bepiraing inventory incor3. 3. The December 31, 20x3, balance sheat would be incorrect, since the zov2 inventory acror underitates the begimning inventory in 2013