Question 10 4 points Save Amer Chandler Corporation sold equipment with a two-year service contract for a single payment of $50,000 in June 2021. The fair value of the equipment was $40,000. Chandler made the following entry on the date of sale: DR: Cash $50,000, CR: Service revenue $50,000. In its 2021 financial statements, which of the following statements would be accurate? OA. Total assets will be overstated. OB Total liabilities will be overstated. OC Net income will be overstated. OD The financial statements would be correct.