Missoun River Supply Co sells canoes, Kayales, whitewater rats, and other boating supplies. During the taking of its physical inventory on December 31, 2012, Missouri River Supoly incorrectly counted its inventory as $661,510 instead of the correct amount of $681,350 Enter all amounts as positive numbers. a. State the effect of the error on the December 31, 2012, balance sheet of Missouri River Supply Balance Sheet Items Understated/Overstated Amount Merchandise Inventory Current Assets Total Assets Owner's Equity b. State the effect of the error on the income statement of Missourt Rover Supply for the year ended December 31, 2012 Income Statement Items Overstated/Understated Amount Cost of Merchandise Sold Gross Profit Net Income 6. If uncorrected, what would be the effect of the error on the 2013 income statement Income Statement Items Overstated/Understated Amount Cost of Merchandu Sold Gross Pro Net Income d. If uncorrected, what would be the effect of the error on the December 31, 2013 balance sheet? 1. The December 11, 2003, balance sheet would be correct, since the 2012 inventory error reverse tein 2017 2. Decemo 2003, balance it would be incest 2012 venter at ding Inverno 20 revious Next > The Taming 241 All werk saved Suat Anger C. ected, what would be the effect of the en come statement Overstated/Understated Amount Income Statement Items Cost of Merchandise Sold Gross Profit Net Income d. If uncorrected, what would be the effect of the error on the December 31, 2013, balance sheet? 1. The December 31, 2043, balance sheet would be correct, since the 202 inventory error reverses itself in 2013, 2. The December 31, 2083, balance sheet would be incorrect, since the 2012 inventory error overstates the beginning inventory In2093. 3. The December 31, 2043, balance sheet would be incorrect, since the 2012 Inventory error understates the beginning inventory in 2013 Pres Submit A All work saved Emalicor Remaining: 2:41.30