On November 1, Harris Company paid $5,400 for one year of advertising in advance. Harris debited Advertising Expense, which is an alternate way of recording the initial expenditure. The advertising expense will be used evenly throughout the year. If the appropriate adusting entry is not made at the end of the year, what will be the effect on: () Income statement accounts (overstated, understated, or no effect)? (6) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)? Income Statement Accounts Revenue Choose One EX Choose One Net Incom Choose One B Balance Sheet Accounts Actes Choose One Uabilis Choose One Retained in Cheese Undertale Overslated No Hot