With a step by step solution and more detailed answer? Thank you.

Over/Under: Alpha made the following error and omission: (a) an AJE for a deferred revenue was recorded for $3,200 instead of the correct amount of $2,300 and (b) Alpha recorded the credit purchase of supplies for $800 instead of the correct amount of $600. What effect does all of this have on assets, liabilities, and net income? Assets: [Select] Liabilities: [Select] Net Income: [Select ] [Select] Overstated