21 Braman, lec had revenues of $254,000, expenses of $185 000, and dividends of $45,000. Which of the following statements is correct? O& Net income totaled $24,000 Ob. Net income totaled $69,000) Oc Total retained eamings increased by $69.000 O Tital stained eamings decreased by $45,000 QUESTION 22 On April 1, Tile, Inc. paid $3.600 for an insurance prerum on a three-year insurance policy How does this transaction affect Tule's accounting equation? Ca. Increase stence expense and decrease cand by $3.400 each Oased prepaid insurance and decese cash by $3,000 each Occreate ourance payable and decrease cnh by $3.500 each On affect at this me 4 QUESTION 23 Equipment on ABC's balance sheer at December 1, 2016, shews a cost of $545,000 and accumulated depreciation of 178,000. Af the company records the current month depreciation of 10,000, what is the beak value of the equipment on December 31 O$545,000 C4000 Oc $458 0 $537 000 QUESTION 24 XYZ Ce paid $1.000 invidends to steckbols How does this vansaction affect the accounts at XYZY Oa cash wil deres by $1.400 ant tahed saming will decrease by $1.000 Obcash we decase by $1.000 and revenues will ice by $1.000 Occash w decrease by $1,300 and rerences will d$100 all decrease by $1.000