Arnold Company/s December 31 year end financial statements contained the following errors A three year insurance premium of 57,200 was prepaid in 2024 covering the yeurs 2024 - 2026 . The prepayment was recorded with a debit to incurance expense. in addition, on Decembet 31, 2024, fully deprecated machinery was sold for $3,800 cash. but the sale was not recorded unti 2025 . No corrections hwe been made for any of the errors. What is the fotal net effect of the errors on Amolds 12/31/24 Working Capltal? Select one. a. Undertated by 511000 b. Overstated by 53,800 c. Undersated by 32400 d. Understated by $6,200 e. Oventated by 51.400 Amold Compsyys December 31 yat - end financia itaterrents contained the following enors A threeyer inurance premium of 57.200 was prepaid in 2024 covering the years 20242026. The propayment was recorded wath a debi to inurance eppence. in addition on Deceinber 31, 2024, fully depreciated machinery washold for 13 soo cash but the sale was not reconded unts 2005 . No correcthons have been mode for arty of the erous. What is the total efted of the ectors on the bulance of Amolds recained esenings at Dectenber at, 2025? select one 4. Metained eamirgroveriated by 51.400. b. Futained varings underitated by 52400 c. Fietained tamings undentated by 51800 d Pletainod emrenge undenstated by 56.200 4. Fotanes exrings understated ty 14000