QUESTION 3 2 points Save Anwwer On April 1, current year, Howard Company received and deposited $10,000 from a client for consulting work to be performed during the months of April through July. The company failed to make a journal entry at its fiscal year end of June 30, current year. As a result: a. Assets were overstated b. Net income was understated c. Liabilities were understated d. Retained earnings was overstated