Refer to the information for Shannon Corporation
above. Ignoring income taxes, what is the
total effect of the errors on the amount of working
capital (current assets minus current liabilities)
at December 31, 2020?
a. working capital overstated by $4,200
b. working capital understated by $5,800
c. working capital understated by $6,000
d. working capital understated by $9,800