Font Time left 0:59:22 X C At December 31, 2012, Stevenson Company overstated ending inventory by $36,000. How does this error affect cost of goods sold and net income for 2012? O a. Understates cost of goods sold and overstates net income O b. Leaves both cost of goods sold and net income correct because the errors cancel each other O c. Overstates both cost of goods sold and net income O d. Overstates cost of goods sold and understates net income Next page