Benderson, Inc. makes adjusting journal entries (AJES) at the end of every month when they prepare their financial statements. Their accountant forgot to record the AJE to accrue utility expense for July 2019 on the July 31, 2019 financial statements. As a result of the omission: The net income was correct and the assets were overstated. O The net income was overstated and the liabilities were understated. O Both net income and liabilities were correctly stated. The net income was understated and the liabilities were understated