The Piepon Corp. recorded the accrual of a revenue by debiting Interest Expense and crediting Accounts Payable. What is the effect of the error on Liabilities and Net Income respectively? Select one: O a. No error. No error b. Overstated, Understated O c. Understated, Overstated O d. Overstated. No error O e. No error, Understated The Taylor Company reported 2014 Final Net Income of $500, The tax rate is 20% The total income tax expense for 2014 is Select one: O a. 583 Ob $100 O c. $125 O d. 5400 e. $625