On December $31,$ Evans Electronics owes $$350$ of wages to its employees. If the amount for the $$350$ of wages owed is not recorded, which of the following will occur on Evans's financial statements? a$.$ Expenses and net income will be understated by $$350.$ b$.$ Liabilities and net income will be understated by $$350.$ c$.$ Expenses will be understated and stockholders' equity will be overstated by $$350.$ d$.$ Liabilities will be overstated and stockholders' equity will be understated by $$350.$