Albany Addictive Apples counted and valued its inventory using FIFO on December 31,2020 and on December 31,2021 and reported the calculated values on each respective balance sheet. Albany Additive Apples had zero consignment inventory on hand at December 31,2021 and had some consignment on hand at 2020 . If consignment inventory had erroneously been counted and included in inventory in the December 31,2020 count, which of the following is true? Multiple Choice Net income was overstated in 2021 Net income was understated in 2020 Cost of Goods Sold was overstated at December 31, 2021 Cost of Goods Sold was overstated at December 31, 2020 None of the other alternatives are correct