Which one of the following statements is incorrect? Select one: a. The correspondent account statement is drafted by the instructed attorney and sent to the instructing attorney. b. Where no monies are collected, the instructing attorney is liable for payment of the fees and the expenses incurred by the instructed attorney. c. If monies are collected on behalf of the instructing attorney, the business and trust creditor's accounts of the instructing attorney will be set off against each other in the books of the instructed attorney before the net payment amount is remitted to the instructing attorney. d. When the instructed attorney incurs expenses in executing the instruction, the expenses are credited to the client's account of the instructing attorney