Question: need help. explain please thanks QUESTION 16 Ballard Inc.'s December 31, 2019 ending inventory was erroneously understated by $50,000. However, Ballard's December 31, 2020 ending

need help. explain please thanks

QUESTION 16 Ballard Inc.'s December 31, 2019 ending inventory was erroneously understated by $50,000. However, Ballard's December 31, 2020 ending inventory was calculated correctly. Which of the following would be overstated in the financial statements prepared as of and for the year ended December 31, 2020? O A Assets Cost of goods sold oc Net income op Retained earnings OE. Liabilities

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