I need help with question 3 but in order to do it you have to refer to question 2.

Content Take Test: Graded Homework On X + e uni.blackboard.com/webapps/assessment/take/launch jsp?course_assessment_id=_167388_1&course id=_117922 1&content_id=_3124417_1&step YouTube Maps Courses MInbox (1) - Sudman... MInbox (2) - sudman... D Home - myOMACC Mail-Sudmann, Jo Apps M Gmail Welcon Question Completion Status: QUESTION 2 Marquette Company borrows $100,000 cash at 8% annual interest on May 1, 2020 for the purpose of buying a new piece of manufacturing equipment The equipment is purchased on June 1, 2020 for a discounted price of $95,000. It is anticipated that the equipment will have a fair market value at the end of the life of the equipment of $15,000. The equipment is high tech related and is only predicted to have value for 4 years. The loan is to be repaid on May 1, 2023 In the entry.to record the signing of the loan and the receipt of cash on 5/1/20 working capital is changed as follows: A. Increase $100,000 B. Decrease $100,000 C. Increase 50 D. increase $50,000 QUESTION 3 What is the total impact on Net Income when adjustments are made at 12/31/20 related to the two transactions discussed in question 2 from May 1 and June 1? Follow the rules stated in the description at beginning of homework, on how to enter numerical questions. For instance remember a DECREASE in Net Income of $200 would be entered as simply -200