Question 7 In its year-end physical inventory count, Tire Track Corporation forgot to count tires it had stcred outside its warehouse in a trailer. As a result, ending inventory was understated by $7,000. Assuming that this error was not subsequently discovered and corrected, what is the impact of this error on assets, liabelities, and shareholders' equity at the end of the current year? At the end of the next year? Current Yea Next Year Assets Liabilities Sharcholders' equity