You had been given the following independent cases, you have to read each case and determine its impact on thenet income for the company.Statement$1\mathrm{.}2\mathrm{.}3\mathrm{.}4\mathrm{.}5\mathrm{.}6.$Salaries expenses were not recordedThe beginning inventory balance was overstatedThe Ending Inventory balance was understatedA purchase discount was not recordedA purchase return and allowance was recorded twiceThe account forgot to adjust the supplies accountThe account did not record an adjusting entry for theunearned revenue$7.$ All other revenues were neglected by the accountantImpact on Net Income$($overstated$,$ understated, No effect, orcant be determined$)$Net Income will be: OverstatedNet Income will be:Net Income will be:Net Income will be:Net Income will be:Net Income will be:Net Income will be:Net Income will be:OverstatedUnderstatedNo effectCant be determined