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On December $31,$ Year $6,$ the Maggie Company recognized $$15,000$ in revenue from rent of $$5,000$ due in Year $7$ and $$10,000$ due in Year $8,$ all collected in advance from another company. Ignoring income taxes, if this error is not detected, then

a$.$ Retained Earnings at December $31,$ Year $7,$ will be understated by $$15,000.$

b$.$ Retained Earnings at December $31,$ Year $7,$ will be understated by $$10,000.$

c$.$ Retained Earnings at December $31,$ Year $7,$ will be overstated by $$10,000.$

d$.$ Retained Earnings will be overstated by $$15,000$ until the error is discovered.