Help me state the effect of the error on the balance sheet and income statement

Min-Huts as We numbers. m the direct If the error on the December 31, 20Y8, balance sheet of Fonda Motorcycle Shop. ' rmmmems Overstated / understated Mar-rise Inventory v Cunent Assets Total Msets Owner's Equity 5. State the effect of the error on the income statement of Fonda Motorcycle Shop for the year ended December 31, 20Y8. Income Statement Items Overstated / Understated Amount ' #1 \"j V Cost of Merchandise Sold Gross Prot Net Income v c. If uncorrected, what would be the effect of the error on the 20Y9 income statement? Income Statement Items Understated / Overstated Amount Fnct'pfimirrhandicn inrl v Check My Work 2 more Check M', ".' ark. : vema'mng ( Prewous ,5. State the elfect of the error on the income statement of Fonda Motorcycle Shop for the year ended December 31, 20Y8. We Statement Items Overstated / Understated Amount Cost of Merchandise Sold V Gran Prot V Net Income v i r. 1f uncorrected, what would be the effect of the error on the 20Y9 income statement? Income Statement Items Understated / Overstated Amount Cost of Merchandise Sold v Gross Prot 7 Net Income (1. If uncorrected, what would be the effect of the error on the December 31, 20W), balance sheet7 1. The December 31, ZOYQ, balance sheet would be correct, since the 20Y8 lm'entorv error reverses itself in 20Y9. 2. The December 31, 20W, balance sheet would be incorrect, since the 20Y8 inventory error understates the inventory ' ZOYQ. 3c The December 31, 20w. balance sheet would be incorrect, smce the ZOYS inventow error overstate; the inrentcw in 23Y9. v