If Ending Inventory for the year ended December 31, 2018 is understated, what would be the effect of this error on the balance of total Retained Earnings? Correctly stated at the end of 2018 and overstated at the end of 2019. Understated at the end of 2018 and overstated at the end of 2019. Understated at the end of 2018 and correctly stated at the end of 2019. Overstated at the end of 2018 and understated at the end of 2019