Etrect of Errors in Physical Inventacy Missouri River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 31, 20v2, Missour River Supply incorrectly counted its inventory as $824,030 instead of the correct amount of $848,750. Enter all amounts as positive numbers. a. State the effect of the error on the December 31, 20y2, balance sheet of Missouri River Supply. b. State the effect of the error on the income statement of Missourl River Supply for the year ended December 31,20y2. c. If uncortected, what wouid be the effect of the error on the 20v3 inceme statement? d. If uncorrected, what would be the effect of the error on the December 31,20y3, balance sheet? 1. The December 31, 20Y3, balance sheet would be correct, since the 20Y2 inventory error reverses itself in 20Y3. 2. The Becember 31,20Y3, balaruce sheet would be incortect, since the 20 in inventory error overstates the beginning inventory in20r3. 3. The December 31, 20y3, batance stieet would be incorrect, since the 20v2 inventory error understates the beginning inventory in 20Y3