You have been told that for 2021 the ending inventory was correctly reported, but a cash purchase of merchandise was not recorded. (Assume this purchase was subsequently recorded in 2022.) Indicate the effect of the above on the working capital, current ratio (assume that the current ratio is less than 1), net income, and retained earning-ending balance for 2021 and 2022. Use O for overstated, U for understated and N for no effect. You have been told that for 2021 the ending inventory was correctly reported, but a cash purchase of merchandise was not recorded. (Assume this purchase was subsequently recorded in 2022.) Indicate the effect of the above on the working capital, current ratio (assume that the current ratio is less than 1), net income, and retained earning-ending balance for 2021 and 2022. Use O for overstated, U for understated and N for no effect