U Question 17 2 pts On December 31, 2018, the Xenon Company recognized $12,000 in revenue from rent of $5,000 due in 2019 and $7,000 due in 2020, all collected in advance from another company. Ignoring income taxes, if this error is not detected, Retained Earnings at December 31, 2019, will be overstated by $7,000 Retained Earnings at December 31, 2019, will be understated by $7.000 Retained Earnings will be overstated by $12,000 until the error is discovered Retained Earnings at December 31, 2019, will be understated by $12,000