A direct financing capital lease begins on 12/31/16. The first lease payment is collected by the lessor on that date. Assume the lessor makes NO 12/31/16 journal entries to record the lease or the 12/31/16 cash collection. What is the effect of the error on the lessor's 2016 Net Income and 12/31/16 Total Assets, respectively? Select one: a. No Error, No Error O b. No Error, Understated O c. Understated, Overstated O d. Understated, No Error e. Understated, Understated