Livy received her office utility bill but has yet to record or pay it. Tina has painted a client's portrait but has yet to record the transaction or bill the client. What can be inferred here? Select answer from the options below Livy's liabilities are understated and Tina's assets are overstated. Livy's liabilities are understated and Tina's assets are understated. Livy's liabilities are overstated and Tina's assets are overstated. Livy's liabilities are overstated and Tina's assets are understated