On Saturday, May $31,$ Paramount Office Supplies sold merchandise to a customer on account. The sales price was $$6,800,$ and the cost of goods sold was $$6,150.$ The sales revenue was recorded immediately, but the entry recording the cost of goods sold was dated Monday, June $2.$ As a result, net income for May was:

Overstated by $$650.$

Overstated by $$6,150$

Overstated by $$6,800.$

Not affected, but the net income for May is understated.