13 What effect does depreclation expense have on net income and cash flows? Cash Elow Increase None Decrease Increase Net Income A Decrease a Decrease C Decrease D Increase What effect does the following journal entry have on the amount of cash generated by operating activities? 14 Accounts receivable 8,000 Service revenue 8,000 A Decreases it B Increases it C. Has no effect D Cannot be determined from the information given 15. The 2016 income statement of Gregg Co. reported wages expense of $190,000, the 2015 balance sheet showed a balance in wages payable of included wages payable of $22.000 What amount of cash was paid for wages in 2016? $16,000, while the 2016 balance sheet A $206,000 ? $150,000. C. $184,000. D $196,000