stion 25 The Bark Company fails to record these two journal entries: yet wered 1. Depreciation on Equipment: $10 2. Cash dividends declared: $40 nts out of 0 Flag Working Capital will be: estion Select one: a. $40 overstated b. $10 overstated c. $10 understated d. $50 overstated e. $50 understated Question 26 Not yet answered The Looper River Company makes three adjusting entries at 12/31: Depreciation $75 Accrued Revenue $100 Accrued Expense $40 Points out of 3.00 P Flag question Indicate the net effect of these three entries on Net Income and Working Capital, respectively: Select one: a. Increase $25, Increase $25 b. Decrease $15, Decrease $15 c. Decrease $15, Increase $60 d. Decrease $65, Decrease $65 e. Decrease $65, Increase $25