18. Colorado Corp. had the following recent transactions: Sales totaled $54,000 of which $23,000 remained not yet collected at the end of the year. They took out a $45,000 loan from the bank which will be paid back in two years. How did these two transactions affect the balances in net income and cash? a. Net income increased: $31,000 Cash increased: $76,000 b. Net income increased: $31,000 Cash increased: $99,000 c. Net income increased: $54,000 Cash increased: $76,000 d. Net income increased: $54,000 Cash increased: $99,000