Moonland Company's income statement contained the following errors: Ending Inventory, December 31, 2018, understated by $9,500 Depreciation expense for 2018 overstated by $1,800 What is the effect of the errors on 2018 net Income before taxes? Multiple Choice Overstated by $7,700 Overstated by $11,300 Understated by $7.700 Understated by $11.300.

Moonland Company's income statement contalned the following errors: Ending inventory, December 31, 2018, understated by $9,500 Depreclation expense for 2018 overstated by $1.800 What is the effect of the errors on 2018 net income before taxes? Multiple Choice Overstated by $7.700 Overstated by $11,300 Understated by $7,700 Understated by $1,300