If ending inventory for the year ended 12/31/X5 is understated, this error will cause stockholders' equity to be: overstated at the end of 20X5 and understated at the end of 20X6. understated at the end of 20X5 and overstated at the end of 20X6. overstated at the end of 20X5 and correctly stated at the end of 20X6. understated at the end of 20X5 and correctly stated at the end of 20X6