On January 1 Year 1, Mike Moving Company paid $27.000 to purchase a truck. The truck was expected to have a four-year useful life and $3,000 salvage value. Mike uses the straight-line method, which of the following shows how the adjustment to recognize depreciation expense at the end of Year 3 will affect the Company's financial statements? A. B. C. D. Cash n/a n/a n/a n/a Balance Sheet Assets = Liabilities - Stockholders' Equity Accounts Retained + Book Value of Van Payable - Common Stock + Earnings + (18,000) n/a n/a (18,600) + (18,000) n/a n/a + (18,000) + 16,000) = n/a n/a + (6,000) + (6,000) n/a n/a (6,000) Income Statement Statement of Cash Revenue Expense - Net Income Flows n/a 18,000 - (18,000) (18,800) OA n/a 18,000 - (18,000) n/a n/a 6,000 (6,000) n/a n/a 6,000 (6,880) (6,600) OA Multiple Choice Option Option Orion