On January 2, Baker Company paid $25,800 to purchase equipment that has a useful life of 6 years. The equipment will be depreciated equally over the 6-year period as depreciation expense. The cost of $25,800 is divided by the useful life of 6 years to determine the amount of the yearly depreciation expense of $4,300. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on: (a) Income statement accounts (overstated, understated, or no effect)? (b) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)