input the over or under amount

Effect of inventory Errors During the taking of its physical inventory on December 31, 2043, Kate's Interiors Company incorrectly counted its inventory as $291,275 instead of the correct amount of $314,575. Indicate the effect of the misstatement on Kate's Interiors's December 31, 2013, balance sheet or income statement for the year ended December 31, 20Y3. For each, select if the amount is overstated or understated. Then, input the over or under amount, entered as a positive value. Cost of goods sold Income Statement Overstated Current assets Balance Sheet Understated Gross profit Income Statement Understated Inventory Balance Sheet Understated Net Income Income Statement Understated Stockholders' equity Total assets (III) Balance Sheet Understated Balance Sheet Understated