A major addition to equipment should have been capitalized in the year 2021 but was incorrectly expensed. Which of the following is (are) true (Select all that apply? Da Income in 2021 is understated b. Assets in 2021 are understated c. Assets in 2021 are overstated d. Income in future years is understated e. Income in future years is overstated f. Income in 2021 is overstated Kingstone Company has goodwill on its books from the acquisition of Reliable Coaches (considered to be a reporting unit). At the end of its fiscal year, management has provided the following information: $575 $650 Book value of Goodwill Fair value of Reliable reporting unit Book value of Reliable reporting unit Present value of Reliable future cash flows $700 $670 What is the amount of goodwill impairment loss that Kingstone should recognize for the year? O a $20 Ob $30 OC $50 d. $125 O. $75