M7-23 please

8:28 PM a webcampus.fdu.edu M7-23 (Supplement 7B) Determining the Financial Statement Effects of Inventory Errors Assume the 2018 ending inventory of Shea's Shrimp Shack was understated by $10,000. Explain how this error would affect the amounts reported for cost of goods sold and gross profit for 2018 and 2019. M7-24 (Supplement 7B) Determining the Financial Statement Effects of Inventory Errors Repeat M7-23, except assume the 2018 ending inventory was overstated by $10,000