If a $10,000 error understating ending inventory is made in 20x5, what happens during that year and the next year to the stockholders' equity reported on the balance sheet? Total stockholders' equity at the end of the second year is overcorrected by $15,000. Total stockholders' equity at the end of the second year is correct due to an offset of errors. Total stockholders' equity at the end of the second year is partially corrected by $5,000. Total stockholders' equity at the end of the second year remains incorrect due to an offset of errors