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Q Straightarm Inc. Is a calendar-year corporation. Its financial statements for the years ended Not yet 12/31/24 and 12/31/25 contained the following errors: answered Points

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Q Straightarm Inc. Is a calendar-year corporation. Its financial statements for the years ended Not yet 12/31/24 and 12/31/25 contained the following errors: answered Points out of 3.00 Flag question 2024 2025 Ending inventory $15,000 understatement $24,000 overstatement Depreciation expense $6,000 understatement $12,000 understatement . Failed to record Unearned Revenue at 12/31/25: $7,000 . Straightarm declared a cash dividend of $11,000 on 12/31/25. No journal entry was made in 2025. The dividend was paid on 1/3/26; Straightarm debited Retained Earnings and credited Cash. 12/31/26 Total Assets are in error by: Select one: O a. $42,000 O b. $6,000 O c. $18,000 O d. $29,000 37'F ~

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