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Grouper Supply Compary reports net income of $115,200 in 2023 . The ending inventory did not include goods valued at $8,640 that Grouper Supply had

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Grouper Supply Compary reports net income of $115,200 in 2023 . The ending inventory did not include goods valued at $8,640 that Grouper Supply had consigned to Staples. (For question answer please scroll far right) (1) What impact will this error have on the income statement for 2023? If ending inventory is by $ ,cost of goods sold will be and net if (2) What is the correct net income for 2023? The correct net income is $ (3) What impact will this error have on the balance sheet at December 31, 2023? On the balance sheet, both inventory and retained earnings will be bys

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