Company Baldwin invested $21,700,000 in plant and equipment lastyear. The plant investment was funded with bonds at a facevalue of $15,342,716 at 11.7% interest, and equity of$6,357,284. Depreciation is 15 years straight line. Forthis transaction alone which of the following statements aretrue? Select: 5: - On the Balance sheet, Plant & Equipment increased by$21,700,000. - Cash was pulled from retained earnings to cover the $6,357,284difference between the plant purchase and bond issue. - Buying the plant had no net effect on the Cash account, becausethe plant was paid for by the bond plus retained earnings. - On the Balance sheet, Long Term Debt changed by $15,342,716. - Depreciation increased by $1,446,667. - Cash went up when the Bond was issued by $15,342,716. - Cash went down by $21,700,000 when the plant was purchased. - Since the new plant was funded with debt and equity, on theBalance sheet Retained Earnings decreased by $6,357,284, thedifference between the investment $21,700,000 and the bond$15,342,716.