Moving to another son will see this response Question 26 Murray Corp. miscounts and understates its ending inventory in year 1 by 54,000. Ignoring tax offects, what are the financial statement effects of this error in 19 does not impact year retained oaming o understates retained earnings 3. overstates retained earings Moving to another question will response MacBook Pro Q Gearch or type URL 96 5 BA 7 s 0 8 6 7 2 P 0 Y U R T Q W E L H G A F S D V B . N V N 9 Collapse 25 Me to another question wel save the remote Question 25 Panny Company shows salaries expense of $25,000 in its income statement. During the current year, the balance of its salaris payablocount increased by $3.000 compariy uses the Indirect method of presenting the operating activities section of the statement of cash flown, the change of $3.000 should be 1. added to not income O. Ignored 3. subtracted from net income A Moving to another question will save the response on 21 MacBook Pro c G Search or type URL OD $ 4 % 5 & 7 C 9 8 0 6 3 2 Y U R T Q E W J L H G F D S 4