Elifect of Errors in Physical Inventory Hydro White Water Co, selis canoes, kayaks, whitewater rafts, and other boating supplies, During the taking of its physical inventory on December 31 , 2014, Hydro White Water incorrectly counted its inventory as $560,700 instead of the correct amount of $577,520. Enter all amounts as positive numbers. a. State the effect of the emor on the December 31, 2014, balance sheet of Hydro White Water. c. If uncarrected, what would the the effect of the error on the 2015 income statement