Pro Satecences Exercise 10-18A (Algo) Ethical Professional Practice LO 10-7 The CFO of the Rooney Microscope Corporation intentionally misclassified a downstream transportation expense in the amount of $722.700 as a product cost in an accounting period when the company made 9,900 microscopes and sold 7,300 microscopes Rooney rewards its officers with bonuses that are based on net earnings. Required a. Indicate whether the elements on the financial statements (ie., assets, liabilities, stockholders' equity, revenue expense, and ner income) would be overstated or understated as a result of the misclassification of the downstream transportation expense Determine the amount of the overstateinent or understatement for each element (If there is no effect select "Not affected" from the dropdown provided, Enter all answers as positive values.) Assets Liabilities Retained eamings Revenue Expense Net income Next