By the end of December, Barnes Company has completed work of $$5,000.$ Barnes company has neither billed the clients nor recorded any of the revenue. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on:

$($a$)$ Income statement accounts $($overstated$,$ understated, or no effect$)?$

$($b$)$ Net income $($overstated$,$ understated, or no effect$)?$

$($c$)$ Balance sheet accounts $($overstated$,$ understated, or no effect$)?$

$\backslash$table$[[$Income Statement Accounts$],[$Revenue:$,$Understated$],[$Expense:$,$Choose One $\},\{$online $$