American Supply sold merchandise on account to Decker Plumbing on March 31. The sales price was $2,300, and the cost of goods sold was $1,500. Sales were reported immediately, but the cost of goods sold was not reported until April 3. What happened to the net income for March as a result? Select answer from the options below March is not affected, but the net income for April is understated. it was overstated by $2,300 it was overstated by $800 it was overstated by $1,500