Effect of Inventory Errors During the taking of as physical inventory on December 31, 2013, Sellers Company incorrectly counted its inventory as $233,670 instead of the correct amount of $205.630. Indicate the effect of the misstatement on Seller's December 31, 2013 balance sheet or income statement for the year ended December 31, 2013. For each, select the amount is overstated or understated. Then, input the over or under amount, entered as a positive value. Cost of goods sold Income Statement Currents Gross profit Inventory Net Income Stockholders' equity Total assets When the nang is understdoroveted conderhoud or overstatementets bonumentand o ch e Leaming Otectivos