In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventory by $19,000. Determine how this error effects each of the following. (a) Year 1 cost of goods sold. O Overstates Year 1 cost of goods sold. Understates Year 1 cost of goods sold. O None of the above. (b) Year 1 net income. O Understates Year 1 net income O Overstates Year 1 net income O None of the above. (c) Year 2 cost of goods sold. O Understates Year 2 cost of goods sold. O Overstates Year 2 cost goods sold. O None of the above. (d) Year 2 net income. O Understates Year 2 net income Overstates Year 2 net income O None of the above