On January 1, Just for the Halibut Restaurant borrowed $20,000 at 6% interest for one year. It accrues interest on the note monthly, and all interest and principal is payable at maturity. If Just for the Halibut Restaurant fails to make the required adjusting entry at the end of January, what will be the impact on the financial statements for January? (Choose all of the correct answers.) Revenues will be overstated by $1,200 Expenses will be understated by $1,000 Assets will be overstated by $100 Net income will be overstated by $100 Liabilities will be understated by $1,200