Question 28 The Roosevelt Company issued common stock for cash and recorded this journal entry. Not yet answered Points out of 3.00 Uneared Revenue XX Retained Earnings XX P Flag question Determine the effect of the error on the following: Select one: a. Net Income Overstated Total Retained Earnings Overstated Total Owner's Equity Overstated b. Net Income Overstated Total Retained Earnings No error Total Owner's Equity No error C. Net Income No error Total Retained Earings Overstated Total Owner's Equity No error Net Income Understated Total Retained Earnings No error Total Owner's Equity Understated e. Net Income No error Total Retained Eamings No error Total Owner's Equity Overstated