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Understatement of ending inventory for year 1 has the following impacts on year 2: Select one: 0 a. cost of goods sold to be understated and net income to be overstated. O b. cost? goods sold to be overstated and net income to be understated. O c. cost of goods sold and net income would be correct. Q d. cost of goods sold to be understated and net income to be understated. 0 e. cost of goods sold to be overstated and net income to be overstated