Company Baldwin invested $37,940,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $28,448,423 at 13.9% interest, and equity of $9,491,577. Depreciation is 15 years straight line. For this transaction alone which of the following statements are true?

A: On the Balance sheet, Plant & Equipment increased by $37,940,000.

B: On the Balance sheet, Long Term Debt changed by $28,448,423.

C: Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $9,491,577, the difference between the investment $37,940,000 and the bond $28,448,423.

D: Depreciation increased by $2,529,333.

E: Buying the plant had no net effect on the Cash account, because the plant was paid for by the bond plus retained earnings.

F: Cash went up when the Bond was issued by $28,448,423.

G: Cash went down by $37,940,000 when the plant was purchased.

H: Cash was pulled from retained earnings to cover the $9,491,577 difference between the plant purchase and bond issue.

Baldwin C59559 Dec. 31 2022 Balance Sheet ASSETS 2022 2021 Common Size Cash $54,204 26.5% $26,277 Accounts Receivable $12,037 5.9% $12,546 Inventory $0 0% $11,247 Total Current Assets $66,241 32.4% $50,070 Plant & Equipment $215,500 105.5% $177,560 Accumulated Depreciation ($77,469) -37.9% ($63,102) Total Fixed Assets $138,031 67.6% $114,458 Total assets $204,273 100% $164,528 LIABILITIES & OWNERS' EQUITY Accounts Payable $7,083 3.5% $8,746 Current Debt $41,630 20.4% $25,182 Long Term Debt $85,411 41.8% $68,263 Total Liabilities $134,124 65.7% $102,191 Common Stock $37,289 18.3% $27,672 Retained Earnings $32,860 16.1% $34,665 Total Equity $70,149 34.3% $62,337 Total Liab. &0. Equity $204,273 100% $164,528