Question 1 The Gerding Company discovered these errors made in year 3: Not yet answered Failed to record Unearned Revenue: $15 Failed to record Accrued Interest Expense: $7 Points out of 2.00 Flag Year 4 Net Income will be: question Select one: a. Overstated $22 b. Overstated $15 c. Understated $8 d. Understated $15 e. Understated $22 Question 2 Failure to record which item is a self-correcting (counterbalancing) error? wot yet answered Points out of 2.00 Flag question Select one: a. Depreciation b. Common Stock issued c. Purchase of a Trademark d. Accrued Revenue