Question 33 Straightarm Inc. is a calendar-year corporation. Its financial statements for the years ended Not yet 12/31/24 and 12/31/25 contained the following errors: answered Points out of 3.00 2024 2025 Flag question Ending inventory $15,000 understatement $24,000 overstatement Depreciation expense $6,000 understatement $12,000 understatement . Failed to record Unearned Revenue at 12/31/25: $7,000 . Straightarm declared a cash dividend of $11,000 on 12/31/25. No journal entry was made in 2025. The dividend was paid on 1/3/26; Straightarm debited Retained Earnings and credited Cash. 2026 Net Income is in error by: Select one: O a. $31,000 O b. $24,000 O c. $21,000 O d. $17,000