select all that apply sparky's incorrectly included inventory that was on consignment in its ending inventory count. consequently, the ending inventory was overstated on the balance sheet. explain how this error will affect this year's income statement. (check all that apply.) multiple select question. this year's net income will be too low. this year's cost of goods sold will be too high. this year's cost of goods sold will be too low. this year's net income will be too high.