Windsor, Inc. purchased a one-year insurance policy in February 2024 for $36120. The insurance policy is in effect from March 2024 through February 2025. If the company neglects to make the proper December 31, 2025 year-end adjustment for the expired insurance net income and assets will be overstated by $30100. net income and assets will be understated by $6020. O net income and assets will be understated by $30100. O net income and assets will be overstated by $6020.