A company is paying their balance due within the discount period for a $1,000 invoice with terms of 2/10, net 30. They erroneously record the journal entry for the payment they make as: Dr. Accounts Payable Cr. Cash 980 980 Indicate below whether each category is overstated, understated, or correct as a result of this error. Category Pick one Assets . Liabilities Equity . Sales Sales Discounts Net Sales 0 Gross Margin . Net Income