Bow Corp. accidentally overstated its $2019$ ending inventory by $$750.$ Assume that ending $2020$ inventory is accurately counted.

What effect$($s$)$ will the error in $2019$ have on Bow Corp.$\text{'}$s financial statements? Answer $12019$ net income will be understated; $2020$ net income will not be affected$\mathrm{.}2019$ net income will be overstated; $2020$ net income will not be affected$\mathrm{.}2019$ net income will be understated; $2020$ net income will be overstated$\mathrm{.}2019$ net income will be overstated; $2020$ net income will be understated.