please answer both questions!!

The bookkeeper for Mustang Company forgot to make the end-of-the-period adjustment for the interest expense that had accrued during 2019. Which of the following is the result on Mustang's 2019 financial statements? O A Assets are overstated, and net income is understated. OB Liabilities are understated, and expenses are overstated. O C Liabilities are understated, and net income is overstated. O D Assets are overstated, and liabilities are understated. 1 attempt left Change your responses to resubmit Answered Question 9 Homework - Answered Which of the following best describes retained earnings? A The total cash earned by the company over all the years it has been in business O B Additional cash held by the company over and above the amount recorded as an asset O C Total assets minus total liabilities. The total of the net incomes for all the years the company has been in business minus any dividends paid