Exercise 5-13A (Static) Effect of inventory error on elements of financial statements LO 5-3 The ending inventory for Carver Company was incorrectly adjusted, which caused it to be understated by $15,300 for Year 2. Required Was each of the following amounts overstated, understated, or not affected by the error? Note: Select "NA" for not affected by the error. Item Number Year Amount Affected 1. Year 2 Beginning inventory 2 Year 2 Purchases 3. Year 21 Goods available for sale 4. Year 2 Cost of goods sold 5. Year 2 Gross margin 6. Year 2 Net income 7. Year 31 Beginning inventory 8. Year 3 Purchases 9. Year 3 Goods available for sale 10. Year 31 Cost of goods sold 11. Year 3 Gross margin 12 Year 31 Net income Effect