The Washington Company made the following six errors in its financial statements: Overstated Understated 4 5 Sales Sales Discounts Beginning Inventory Interest Expense Ending Inventory Purchase Discounts 6 2 7 3 Cost of goods sold will be in error by what amount? Select one: a. $15 O b. $18 O c. $12 O d. $16 e. $2 Given the following errors for the Lincoln Company: Overstated Understated 5 Sales Discounts Sales Beginning Inventory Interest Expense Ending Inventory Purchase Discounts 8 2. 7 3 Net sales will be: Select one: O a. Overstated $9 O b. Understated $1 O c. Overstated $1 O d. Overstated $3 O e. Understated $9