6 pts Question 10 Over/Under: Alpha paid cash for one year of rent but erroneously recorded it as cash paid for the purchase of equipment. Alpha erroneously recorded an AJE for depreciation, but didn't record the correct AJE for rent. Assume that the rent expense was greater than what was recorded for the depreciation expense. Failure to record the correct journal entry and AJE has what effect on assets, liabilities, and net income? Assets: [Select] Liabilities: No Effect Net Income: Overstated