On December 25, 20x2, JKL Ordered Merchandise for Resale from QRS

On December 25, 20x2, JKL ordered merchandise for resale from QRS that cost $7,000 (terms cash within 10 days) .QRS shipped the merchandise f.o.b.shipping point on December 28, 20x2, and the goods arrived on January 2, 20x3.The invoice was received on December 30, 20x2.JKL did not record the purchase in 20x2 and did not include the goods in the 20x2 ending inventory.The effects on JKL's 20x2 financial statements were:

A) No errors because the goods were not on hand.
B) Income and owners' equity were correct; assets and liabilities were incorrect.
C) Income, assets, liabilities and owners' equity were incorrect.
D) Income and owners' equity were correct.Liabilities were incorrect.Assets were correct.
E) Income, assets, liabilities, and owners' equity were correct.