The following is generally true about the Income Statement:

I. If Depreciation Expense decreases, EBIT increases

II. If Interest Expense decreases, EBIT increases

III. If Taxes decrease, EBIT increases

IV. If Dividends decrease, EBIT increases

Group of answer choices

I only

I and II only

I, II, and III only

I, II, III, and IV

II, II, and IV only