stion 29 vet In 2022, Draper Company discovered errors made in 2019-2021, its first three years of operation vered nts out of 2021 2020 2019 Flag estion $1,300 $900 $550 950 700 800 Items not recognized: Prepaid expenses Accrued expenses Other information: Reported net income Dividends declared and paid Common stock and additional paid in capital at 12/31 $23,000 $25,000 $20,000 4,100 2,600 5,000 22,000 17,000 15,000 Indicate the error in 2022 Net Income. Select one: a. $350 overstated b. $350 understated c. $150 understated d. $150 overstated e. No Error