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IBM had inventories of $2.6 billion at December 31,2011, and $2.5 billion a year earlier....

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Accounting

IBM had inventories of $2.6 billion at December 31,2011, and $2.5 billion a year earlier.
Suppose the beginning inventory for fiscal 2011 had been overstated by $20 million because of errors in physical counts. There were no other inventory errors. Which items in the financial statements would be incorrect and by how much? Use O for overstated, U for understated, and N for not affected. Assume a 40% tax rate and state dollar amounts in millions.
REMAKE THE TABLE BELOW AND ANSWER IT JUST LIKE THE FIRST EXAMPLE FOR THE "BEGINNING INVENTORY" HAS BEEN DONE.
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