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Indicate the error in the following items Year 2020 2021 Ending Inventory Error Understated $40 Understated $30 Indicate the error in the following items: b.

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Indicate the error in the following items

Year 2020 2021 Ending Inventory Error Understated $40 Understated $30 Indicate the error in the following items: b. c. d. e. 2021 Net Income Overstated $70 2021 Net Income Understated $70 2021 Net Income Overstated $10 2021 Net Income Understated $30 2021 Net Income Overstated $10 12/31/21 Retained Earnings Overstated $10 12/31/21 Retained Earnings Understated $30 12/31/21 Retained Earnings No error 12/31/21 Retained Earnings Overstated $10 12/31/21 Retained Earnings Understated $30

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