DD Industries received $$100,000$ from a customer on December $29,2022,$ to perform services from January $1\mathrm{.}2023,$ througt

December $31,2026,$ and credited Unearned Revenue. If DD fails to record the revenue earned through December $31\mathrm{.}2023.$

would be understated by

for that year.

assets, $$25,000$

net income; $$20\mathrm{.}000$

liabilities: $$25\mathrm{.}000$

net income: $$25,000$