For each of the following situations, analyze the error and indicate whether net income for the 2022 fiscal year would be overstated, understated, or if there would be no effect on the current year net income as a result of this error. (a) A shipment of goods that were sent FOB shipping point on the last day of fiscal 2022 was not recorded as a sale because the accountant had taken the day off and was unaware of the shipment. (b) A used truck that was purchased for $20,000 in fiscal 2020 was recorded with a debit to transportation expense and a credit to cash. (c) When the company purchased supplies, the accounting clerk recorded the payment with a debit to supplies expense. At the end of fiscal 2022, $15,000 of supplies were still on hand. No adjusting entry was recorded to recognize the supplies on hand, (d) The compary's accounting clerk used double declining balance in fiscal 2022 for an intangible asset acquired in 2022 because he was unaware that the company had adopted the policy of using the straight-line method of amortization. (e) At the beginning of fiscal 2022, the company paid 50 employees for four days of wages that had been earned in fiscal 2021. When the payment was made, it was recorded with a debit to wages expense and a credit to cash. The company does not use reversing entries