Question 2 1 points Save Answer ABC year-end count of inventory revealed an ending balance of 530 000 ABC Corp uses the periodic inventory system An error in the physical count caused ABC Corp. to overstates 12/31/2019 ending inventory by $2,000 This error would cause 2019 net income and 2020 retained earnings to be overstated and understated, respectively understated and overstated, respectively understated and understated, respectively overstated and correctly stated, respectively OOOO