Rublev Company purchased equipment for $50,000 on January 1, 2023. The company determined that the yearly depreciation expense is $5,000. What will be the book value of this equipment on December 31, 2024, after adjusting entries have been made? Question 39 Revenues were $180,000, expenses were $165,000, and cash dividends declared and paid were $2,000. What were the net income and the change in retained earnings for the period?