Based on the visualization:

a$.$ Which of the following statements is true?

When the underapplied overhead is "Closed to COGS" it increases finished goods inventory by $$70,000.$

When the underapplied overhead is "Closed to COGS" it decreases finished goods inventory by $$70,000.$

When the underapplied overhead is "Closed to COGS" it increases net operating income by $$70,000.$

When the underapplied overhead is "Closed to COGS" it decreases net operating income by $$70,000.$

b$.$ Which of the following statements is true?

When the underapplied overhead is "Closed Proportionally" it increases net operating income by $$56,000.$

When the underapplied overhead is "Closed Proportionally" it decreases net operating income by $$56,000.$

When the underapplied overhead is "Closed Proportionally" it increases finished goods inventory by $$56,000.$

When the underapplied overhead is "Closed Proportionally" it decreases finished goods inventory by $$56,000.$

c$.$ Which of the following statements is true?

When the underapplied overhead is "Closed Proportionally" instead of being "Closed to COGS" it increases net operating income by $$14,000.$

When the underapplied overhead is "Closed Proportionally" instead of being "Closed to COGS" it decreases net operating income by $$14,000.$

When the underapplied overhead is "Closed Proportionally" instead of being "Closed to COGS" it increases finished goods inventory by $$14,000.$

When the underapplied overhead is "Closed Proportionally" instead of being "Closed to COGS" it decreases finished goods inventory by $$14,000.$