Milsouri Alver Suppir Co, sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 3i,.20Y2, Missouri River Supply incorrectly counted its inventory as $497,720 instesd of the correct amount of 5512,650 . Enter all amounts as positive numbers. a. State the effect of the errot on the December 31,20y2, balance sheet of Missoun Alver Supply. d. If uncorrected, what would be the effect of the error on the December 31,20 Y, balance sheet? 1. The December 31,20Y3, balance sheet would be correct, since the 20Y2 inventory error reverses itself in 20Y3. 2. The December 31, 20Y3, balance sheet would be incorrect, since the 20Y2 inventory error overstates the beginning inventory inz20Y3. 3. The December 31,20Y3, balance sheet would be incorrect, since the 20Y2 inventory error understates the beginning inventory in 20Y3