Based on the following selected information for Cruz Corporation: Current Assets Cruz Corporation Statement of Financial Position December 31, 2019 Current liabilities Cash Accounts receivable Prepaid utilities $ 84,100 Accounts payable $ 66,000 96,000 Salaries payable 25,000 15,000 Non-current liabilities Supplies Inventory 30,000 Bonds payable 195,100 90,000 Total liabilities 286,100 Non-current assets Land 105,000 Building $295,000 Common shares 220,100 Less: Accumulated Retained earnings 146,000 depreciation 130,400 164,600 Total shareholders' equity 366,100 Trademark $ 105,000 Less: Accumulated amortization 37,500 Total assets 67,500 $652,200 Total liabilities and shareholders' equity $652,200 When preparing the above Statement of Financial Position, the accountant for Cruz Corporation forgot that $25,000 of the amount recorded as Bonds Payable is due on February 15, 2020. What impact would this have on the amounts reported in the Statement of Financial Position? Current assets are overstated and current liabilities are understated. Current liabilities are understated and non-current liabilities are understated. Non-current liabilities are overstated and current liabilities are understated. Current liabilities are overstated and shareholders equity is understated.