Determine which of the statement$($s$)$ are correct if a Petty Cash account is not replenished at the end of the accounting period. $($Check all that apply.$)$

Multiple select question.

Expenses would not be recorded in the period in which they were incurred.

The income statement would reflect a net income amount that was too high.

The balance sheet would show an overstated cash asset.

The balance sheet would show an understated cash asset.