If ending inventory for the current period is overstated, the result of this error is that retained earnings will be: Select one: O a. Overstated at the end of the current period and understated at the end of the next period O b. Understated at the end of the current period and understated at the end of the next period Oc Overstated at the end of the current period, but it will be correct at the end of the next period O d. Understated at the end of the current period, but it will be correct at the end of the next period