On 6/30/2020, Jabra Corporation decides to sell a building with a net book value of $500,000. Jabra removes the building from service. Jabra's commercial real estate expert believes the building can be sold for proceeds of $510,000. However, in December 2020, the real estate expert updates her estimate to be proceeds of $470,000. If Jabra omitted the required entry in December, Assets would be overstated by $40,000 Stockholders Jequity would be overstated by $30,000 O Assets would be understated by $30,000 O Losses would be understated by $40,000 O Expenses would be understated by $30,000