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Fonda Motorcycle shop sells motorcycles, ATVs, and other related supplies and accessories During the taking of its physical inventory on December 31, incorrectly counted its

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Fonda Motorcycle shop sells motorcycles, ATVs, and other related supplies and accessories During the taking of its physical inventory on December 31, incorrectly counted its inventory as $337, 500 instead of the correct torY8, Fonda Motorcycle cycle Shop incorrectly counted its inventory as $337, 500 instead of a current amount of $328, 850. a. State the effect of the error on the December 31, 20Y8, balance sheet of Fonda Motorcycle Shop. b. State the effect of the error on the income statement of Fonda Motorcycle shop for the year ended December 31, 20Y8. c. If uncorrected, what would be the effect of the error on the 20Y9 income statement? d. If uncorrected, what would be the effect of the error on the December 31, 20Y9, balance sheet

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