3.Consider the following transactions: (i) Repayment of a loan in June 2016 (ii) Depreciation of equipment in June 2016 (iii) Payment of accounts payable in June 2016 (iv) Payment of an insurance bill in June 2016, which covers 1 July 2016 to 30 June 2017 Which of the above transactions increase June 2016 expenses? A (ii) only B (i) and (ii) only C (i), (ii) and (iii) only. D (i), (ii) and (iv) only