17. A client hires a lawyer and pays $10,000 as a fee deposit for future services. From the lawyer's perspective:

a. Cash and revenue increase $10,000

b. The only impact is that cash increases $10,000

c. Cash and liabilities increase $10,000

d. Liabilities and equity increase $10,000

18. A company reports $100,000 in sales, gross profit of $23,000, and $33,000 in other expenses. What is Cost of Goods Sold?

a. $77,000

b. $44,000

c. $56,000

d. $67,000