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 understated.

c.cause retained earnings at the end of 2025 to be overstated.

d.cause interest expense for 2025 to be overstated.