Have 30 mins to do so

5. Shortly after the new factory was completed, vandals attacked the building and caused significant damage. The costs to correct the damage, which were not covered by insurance, included: New paint to cover graffiti $3.920 Glass for broken windows 9,800 Improved security system 24,500 Vandal attack Determine the impact on the company's assets, liabilities, and net income of the three expenditures related to the vandal attack. Paint Glass Security System Assets Decrease Decrease No Impact Liabilities No Impact V No Impact No Impact Net income Decrease Decrease Decrease