Wertz Corporation issued ten-year, 8% bonds on January 1, 2025 at a premium. During 2025, the company's accountant failed to amortize any of the bond premium. The omission of the premium amortization will Select one: a. not affect net income reported for 2025 . b. cause the bond carrying value to be overstated. c. cause retained earnings at the end of 2025 to be overstated. d. cause interest expense for 2025 to be understated. Cox Corporation was organized on January 1,2021 , at which date it issued 100,000 shares of $10 par common stock at $15 per share. During the period January 1, 2021, through December 31, 2023 , Cox reported net income of $464,000 and paid cash dividends of $220,000. On January 10, 2023, Cox purchased 6,000 shares of its common stock at $12 per share. On December 31, 2023, Cox sold 4,000 treasury shares at $8 per share. What is Cox's total stockholders' equity at December 31, 2023? Select one: a. $1,720,000 b. $1,704,000 c. $1,688,000 d. $1,760,000 e. $1,680,000