Question 8 (2 points) Assume a company fails to record an adjusting entry for accrued expenses totaling $30,000. Which of the following are correct? Check all that apply. There will be no errors on the statement of stockholders' equity Ending retained earnings will be overstated by $30,000 Expenses will be Ltiderstated by $30,000 Assets will be understated by $30,000 Liabilities will be overstated by $30,000 Net income will be understated by $30,000