Question: Mila Ltd.'s ending inventory at December 31, 2018, was understated by $43,000. Assuming that this error is not detected, what effect will it have on

Mila Ltd.'s ending inventory at December 31, 2018, was understated by $43,000. Assuming that this error is not detected, what effect will it have on

(a) 2018 income before income tax,

(b) 2018 retained earnings,

(c) 2018 total shareholders' equity,

(d) 2019 income before income tax,

(e) 2019 retained earnings, and

(f) 2019 total shareholders' equity?

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