Suppose the $2020$ contractual discounts and allowances balance reported above is understated by $$50,000.$ In other words, the correct balance should be $$300,000.$ Assuming a $30$ percent income tax rate, what would be the effect of the misstatement on Integrated Physicians & Associates' $2020$ reported:$.$ Net patient service revenue?

i$.$ Total expenses, including income tax expense? ili. Net income?

For cach item, indicate whether the balance is overstated, understated, or not affected by the misstatement. If overstated or understated, indicate by how much.