Question 28 (5 points) In 2019 Apple sells an IPad for $1,000 including 4 years of future software upgrades. It is estimated that $920 covers the cost of the IPad and $80 covers the cost of future upgrades. Which of the following is true if Apple records the $1,000 all as sales revenue at the time of the sale? O Apple will be overstating revenue in 2019 but future revenues will be correct. O Apple will be overstating revenue in 2019 but understating revenue in 2020-2023. O Apple will be overstating revenue in 2019 but net income will be correctly stated in 2019. Apple will be overstating revenue in 2019 but net income will be correctly stated in 2020-2023