Wertz Corporation issued ten-year, 8% bonds on December 31,2025 at a discount. The company's accountant failed to record any journal entries or adjusting journal entries relating to the bonds on that date. The errors will: Select one: a. not affect net income reported for 2025 . b. cause interest expense for 2025 to be overstated. c. cause retained earnings at the end of 2025 to be overstated. d. cause net income for 2025 to be understated. e. cause total equity to be understated at 12/31/25