Quostion 18 Given: Not yet answered Understated Overstated 5 Points out of 3.00 P Flag question Purchases Sales Returns Ending Inventory Freight Out Purchase Discounts 4 15 3 Net Income is: Select one: a. Overstated 4 b. Overstated 24 c. Overstated 6 d. Overstated 34 e. Understated 18 Question 19 Case Corp. had accounts payable of $100,000 recorded in the general ledger as of December 31, 2012 before consideration of the following unrecorded purchases on credit: Not yet answered Points out of 3.00 Amount Date Shipped Date Received $ 8,000 12-22-12 12-24-12 13,000 1-2-13 1-2-13 12,000 12-28-12 1-3-13 9,000 12-31-12 1-5-13 $42.000 FOB Terms Destination Shipping point Shipping point Destination P Flag question In Case's December 31, 2012 balance sheet, the accounts payable should be reported in the amount of: Select one: a. $120,000 O b. $108,000 c. $121,000 O d. $ d. $142,000 e. $117,000