Downvoted if incorrect and upvote for $100\%$ accurate answer

At the end of the accounting period, adjustments are made before preparing financial statements. The accountant at InstaChat Company failed to record the accrual of $$100,000$ of rent expense incurred during the period. Due to this failure, which of the following would be true? Net income would be understated and total liabilities would be correctly stated Net income would be understated and total liabilities would be overstated Net income would be understated and total liabilities would be understated Net income would be overstated and total liabilities would be overstated Net income would be overstated and total liabilities would be understated