I! Aa 11 zu > A H AO x x Ave. Av Styles Heathcote Inc. reported cost of goods sold as follows (10 points): 2018 2019 Beginning inventory $ 54,000 $ 64,000 Cost of goods purchased 847,000 891,000 Cost of goods available for sale 901,000 955,000 Ending inventory 64,000 55,000 Cost of goods sold 5837.000 $900.000 Jim Holt, the bookkeeper, made two errors: (1) 2018 ending inventory was overstated by $10,000 (2) 2019 ending inventory was understated by $15,000. Instructions Assuming the errors had not been corrected indicate the dollar effect that the errors had on the items appearing on the financial statements listed below. Also indicate if the amounts are overstated (O) or understated (U). 2018 2019 Overstated Over) Amount Understated Amount Under Total assets $ Stockholder's equity $ $ Cost of goods sold $ Net income s English (United States) Focus 4 (