The accountant for Suzanne Company made the following errors related to inventory in 2015:
1.The beginning inventory for 2014 was understated by $1,350 due to an error in the physical count.
2.A $1,500 purchase of merchandise on credit was not recorded or included in ending inventory. Assuming a periodic inventory system, how would Sue's cost of goods sold, gross profit, and net income be affected in 2015 by these errors? 
Definitions:
Octet
The state of an atom achieved when it has a full valence shell of eight electrons, making it stable and less reactive.
Methyl Chloride
A colorless, flammable gas used as a refrigerant, solvent, and in organic synthesis.
Lewis Structure
A representation that illustrates valence electrons as dot pairs or dashes around atoms within a molecule, highlighting the bond formations between atoms.
Bromine
A chemical element with the symbol Br and atomic number 35, known for its reddish-brown color and halogen properties.
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