Oe. $2,700 Question 12 The accountant for Pro Tex Painting forgot to make an adjustment at the end of the period to record depreciation on its equipment. As a result of this omission: O a. assets were overstated and equity was overstated O b. liabilities were understated and equity was overstated Oc. assets were understated and equity was undersated d. assets were overstated and liabilities were overstated O e. assets were understated and liabilities were understated 3.8 pts