The ending merchandise inventory for the current year is overstated by $ 24 comma 000 $24,000. What effect will this error have on the following? year's net? income? A. The net income will be understated by $ 48 comma 000 $48,000. B. The net income will be overstated by $ 24 comma 000 $24,000. C. The net income will be understated by $ 24 comma 000 $24,000. D. The net income will be overstated by $ 48 comma 000 $48,000.