View Policies Current Attempt in Progress Bonita Corporation purchased a one-year insurance policy in January 2020 for $75900. The insurance policy is in effect from May 2020 through April 2021. If the company neglects to make the proper year-end adjustment for the expired insurance net income and assets will be understated by $25300. net income and assets will be understated by $50600 net income and assets will be overstated by $25300. net income and assets will be overstated by $50600. Attempts: 0 of 1 used Submit Answer Save for Later w 26 DD FE 80 009 Oca F4