For the following errors, indicate the combined effect on the indicated financial statement items.

$2021$ Ending Inventory was understated $$500.$

Wages Payable of $$2,000$ were not accrued at $12/31/21.$

Select one:

$$ a$.$

$2021$ Net Income

Overstated

$$

$12/31/21$ Working Capital

Overstated

b$.2021$ Net Income

$12/31/21$ Working Capital

Understated

Overstated

c$.2021$ Net Income $12/31/21$ Working Capital

Overstated

Understated

d$.2021$ Net Income $12/31/21$ Working Capital

No error

Overstated

e$.2021$ Net Income $12/31/21$ Working Capital

Understated

Understated