Bellevue Company failed to record the following adjusting entries at December 31, the end of its fiscal year:

(a) accrued expenses, \(\$ 500\);

(b) accrued revenues, \(\$ 850\); and

(c) depreciation, \(\$ 1,000\). Did these omissions cause net income for the year to be understated or overstated, and by what overall amount?