Bonita Company understated its 2022 ending inventory by $30,100. Determine the impact this error has on ending inventory, cost of goods sold, and owner’s equity in 2022 and 2023.     2022   2023 Ending inventory   select an effect                                                           OverstatedNo EffectUnderstated   select an effect                                                           UnderstatedOverstatedNo Effect Cost of goods sold   select an effect                                                           OverstatedNo EffectUnderstated   select an effect                                                           OverstatedUnderstatedNo Effect Owner’s equity   select an effect                                                           No EffectOverstatedUnderstated   select an effect                                                           UnderstatedOverstatedNo Effect

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