5. While preparing its 2020 financial statements, Dek Corporation discovered computational errors in its 2019 and 2018 depreciation expense. These errors resulted in overstatement of each year's income by $25,000, net of taxes. The following amounts were reported in the previously issued financial statements: 2019 2018 Retained earnings, 1/1 $700,000 $500,000 Net income 150,000 200,000 Retained earnings, 12/31 $850,000 $700.000 Dek's 2020 net income is correctly reported at $180,000. Which of the following amounts should be reported as prior period adjustments and net income in Dek's 2020 and 2019 comparative financial statements? Year Prior period adjustment Net income a. 2019 $150,000 2020 $(50,000) $180,000 b. 2019 S(50,000) $150,000 2020 $180,000 2019 $(25,000) $125,000 2020 $180,000 $125,000) $125,000 2020 $(50,000) $180,000 c d 2019