Which of the following should be reported as a "Prior Period Adjustment" on the 2026 Statement of Retained Earnings?

a.

Failure to Accrue Revenue at 12/31/25, but not 12/31/21 Inventory Overstatement

b.

12/31/21 Inventory Overstatement, but not Failure to Accrue Revenue at 12/31/25

c.

Both Failure to Accrue Revenue at 12/31/25 and 12/31/21 Inventory Overstatement

d.

Neither Failure to Accrue Revenue at 12/31/25 nor 12/31/21 Inventory Overstatement