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In 2024, the Harwell Company sold land for $105,000 cash, representing a $5,000 gain. No journal entry was recorded in 2024 or 2025. The error

In 2024, the Harwell Company sold land for $105,000 cash, representing a $5,000 gain. No journal entry was recorded in 2024 or 2025. The error was discovered on 1/10/26; the 2025 books are still open. The correcting journal entry will have what effect on 2025 Net Income?

Select one:

a. $5,000 debit

b. $5,000 credit

c. $10,000 debit

d. $10,000 credit

e. No effect

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