Which of the following is correct when, In the same year, beginning Inventory is understated by $1,620 and ending Inventory Is understated by $860? O Net income is understated by $760 Net income is overstated by $2.480. Net Income is understated by $2,480. O Net income is overstated by $760 Which of the following is correct when, In the same year, beginning Inventory is understated by $1,620 and ending Inventory Is understated by $860? O Net income is understated by $760 Net income is overstated by $2.480. Net Income is understated by $2,480. O Net income is overstated by $760