Question 3 (2 points) Saved A company purchased equipment for $250,000 and estimated its useful life at 8 years. The bookkeeper failed to consider the residual value of $12,000. What impact would the omission impose on operating cash flow and the net income? Operating cash flow not influenced; net income understated. Both operating cash flow and net income will be overstated Operating cash flow overstated; net income understated. Both operating cash flow and net income will not be influenced