When Jeffery was counting inventory for a large retail chain of stores, he missed one large pallet of older items worth $33,000. He didn't say anything because he knew they would be included in next month's count. What is the net effect on profit at the end of the second month? Select answer from the options below understated by $66,000 overstated by $66,000 the net effect on profit is zero understated by $33,000