Shediac Inc. purchased inventory from Bathurst Corp. four days prior to Shediac's year end. Bathurst shipped the goods to Shediac FOB destination two days before year end but Shediac did not receive the goods until the following year. The inventory clerk recorded the purchase of the inventory on credit prior to the yearend inventory count by debiting inventory and crediting accounts payable. Shediac performs a physical inventory count each year-end and makes any required adjustments. What overall effect will this error have on the components of the accounting equation-assets, liabilities, and shareholders' equity-at Shediac's year end

(a) Prior to any adjustment for the inventory count results, and

(b) After any adjustment?