Chubb Company paid cash to purchase equipment on January 1, Year 1. Select the answer that shows how the recognition of depreciation expense in Year 2 would affect the financial statements (+ means increase, - decrease, and NA not affected), Income Statement Expense Net Income Balance Sheet Stockholders Assets - Liabilities Equity A. n/a B. n/a C. n/a D. n/a Revenue n/a n/a n/a n/a Statement of Cash Flows + OA - O n/a n/a n/a n/a Multiple Choice Option A Option B Optionc Option D