here are the choices

ABC's correct ending balance for the inventory account at the end of 2018 should be $5,000, but the company incorrectly stated it as $3,000. In 2019, ABC correctly recorded its ending balance of the inventory account. Which one of the following is true? ABC's correct ending balance for the inventory account at the end of 2018 should be $5,000, but the company incorrectly stated it as $3,000. In 2019, ABC correctly recorded its ending balance of the inventory account. Which one of the following is true? Multiple Choice Gross profit is overstated by $2,000 in 2018. Cost of goods sold is understated by $2,000 in 2018. Gross profit is overstated by $2,000 in 2019. Retained earnings are understated by $2,000 in 2019