Sandhill Fishing Gear reported the following amounts for its cost of goods sold and ending inventory: Sandhill made two errors: (1) 2023 ending inventory was overstated by $6,600, and (2) 2024 ending inventory was understated by $5.100 Determine the impact of the errors on profit for 2023 and 2024 and on owner's equity at the end of 2023 and 2024. In 2023 profit is by $ , the amount of the error in ending inventory. This error flows through to owner's equity in 2023 to produce an of $ In 2024 botherrors have an impact. The net effect is an of profit by $ . This is a result of the $6,600 of the beginning inventory plus $ ending inventory. Owner's equity in 2024 would show only an of $ . The $6,600 of 2023 would be offset by the $6,600 in profit caused by the impact on beginning imventory in 2024