A tenant rented space in your office building on October 1^st, at $450 per month, paying six months rent in advance. Your bookkeeper recognized a current liability upon receipt of the $2,700. No year-end adjustment was recorded regarding the prepaid rent by your tenant. As a consequence of overlooking the required adjustment, which of the following occurred?

	a.	Revenue was overstated and liabilities were understated
	b.	Revenue was understated and liabilities were understated
	c.	Revenue was understated and liabilities were overstated
	d.	Revenue was overstated and liabilities were overstated