If ending inventory for the year ended December 31, 2019, is overstated by $25,000: beginning inventory for 2020 will be understated by $25,000 net income for 2020 will be overstated by $25,000 net income for 2020 will be understated by $25,000 ending inventory for 2020 will be understated by $25,000

If ending inventory for the year ended December 31,2019 , is overstated by $25,000 : beginning inventory for 2020 will be understated by $25,000 net income for 2020 will be overstated by $25,000 net income for 2020 will be understated by $25,000 ending inventory for 2020 will be understated by $25,000