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Sunland Company understated its inventory by $21100 at December 31, 2020. It did not correct the error in 2020 or 2021. As a result, Sunland's

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Sunland Company understated its inventory by $21100 at December 31, 2020. It did not correct the error in 2020 or 2021. As a result, Sunland's stockholder's equity was: overstated at December 31, 2020, and overstated at December 31, 2021 o understated at December 31, 2020, and overstated at December 31, 2021. understated at December 31, 2020, and properly stated at December 31, 2021. O understated at December 31, 2020, and understated at December 31, 2021

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