Company Baldwin invested $54 340000 in plan and equipment last year. The Plant investment was founded with bonds at a face value of $34,619,932 at 13.9% interest, and equity $19720,068 . Depreciation is 15 years straight line. Fort this transaction alone which of the following statement are true?

On the Balance sheet, Plant & Equipment increased by $54,340,000

Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $19,720,068, the difference between the investment $54,340,000 and the bond $34,619,932.

Depreciation increased by $3,622,667.

Buying the plant had no net effect on the Cash account, because the plant was paid for by the bond plus retained earnings Cash went up when the Bond was issued by $34,619,932.

Cash went down by $54,340,000 when the plant was purchased

Cash was pulled from retained earnings to cover the $19,720,068 difference between the plant purchase and bond issue.