In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventory by $17.000. Determine how this error effects each of the following (a) Year 1 cost of goods sold, Overstates Year 1 cost of goods sold Understates Year 1 cost of goods sold. O None of the above 12 (b) Year 1 net income Understates Year 1 net income Overstates Year 1 net income O None of the above (c) Year 2 cost of goods sold Understates Year 2 cost of goods sold Overstates Year 2 cost of goods sold None of the above (d) Year 2 net income Understates Year 2 net income Overstates Year 2 net income None of the above