It has come to the attention of Rockhold Co that $7,800 worth of goods were omitted from its inventory records on 31 March 2018. These goods were subsequently sold in April 2019. What is the impact of adjusting the abovementioned error in the financial statements of Rockhold Co for the year ended 31 March 2019? Increase revenue by $7,800. Increase ending inventory by $7,800. Decrease profit by $7,800. Decrease cost of goods sold by $7,800.