Question 16 5.18 pts If the controller for BreakUFix does not record the required adjusting journal entry to recognize the depreciation expense in the amount of $10,000 at the end of the accounting period as required, the balance sheet would be incorrect in which of the following ways (Select ALL that apply): Hint: . 1. Overstated = major category (i.e. Assets, Liabilities, or Stockholders' Equity) is higher than it should be because the adjusting journal entry was not recorded 2. Understated - major category (i.e. Assets, Liabilities, or Stockholders' Equity) is lower than it should be because the adjusting journal entry was not recorded. Assets would be overstated Assets would be understated Liabilities would be understated Liabilities would be overstated Stockholders' Equity would be understated Stockholders' Equity would be overstated