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If the beginning balance of Accumulated DepreciationEquipment is $14,000 and an adjusting journal entry for depreciation on the equipment for $3,400 is omitted at the

If the beginning balance of Accumulated DepreciationEquipment is $14,000 and an adjusting journal entry for depreciation on the equipment for $3,400 is omitted at the end of the period, net income on the income statement will be

a. understated by $14,000.

b. overstated by $3,400.

c. understated by $3,400.

d. overstated by $14,000.

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