The Looper River Company makes three adjusting entries at 12/31:

• Depreciation $50
• Accrued Revenue $80
• Accrued Expense $65

Indicate the net effect of these three entries on Net Income and Working Capital, respectively:

Select one:

a.Increase $15, Increase $15

b.Decrease $65, Decrease $15

c.Decrease $15, Increase $15

d.Decrease $35, Decrease $65

e.Decrease $35, Increase $15