Question 9 5 pts A firm discovered at the end of 2019 a $5,000 understatement in inventory as reflected in the inventory records. What were the 2019 effects of the $5,000 inventory error (before correction)? Cost of goods sold was understated by $5,000, and pretax income was understated by $5,000. Assets were understated by $5,000, and pretax income was overstated by $5,000. Cost of goods sold was overstated by $5,000, and pretax income was overstated by $5,000. Assets were understated by $5,000, and pretax income was understated by $5,000