Use the following information for questions 17-18: The following are a selection of the adjusted account balances, for Landscaping Co. at December 31, 2020. Account Title Debit Credit Accounts Payable 42,170 Accumulated Depreciation, Mower 5,632 Cash 47,270 Depreciation Expense, Mower 3,580 Insurance Expense 3,860 Interest Expense 3,450 Depreciation Expense -Furniture 5,000 Landscaping Revenue 470,871 Common Shares 543,123 Dividends Declared 28,400 Prepaid Insurance 12,000 Prepaid Rent 23,000 Rent Expense Supplies Supplies Expense Unearned Landscaping Revenue Wages Expense 2,040 + 8,412 2,000 100,820 46,960 17 The net income for Landscaping Co. is? a) $47,270 b) $70,871 c) $571,691 d) $470,871 17 The net income for Landscaping Co. is? a) $47,270 b) $70,871 c) $571,691 d) $470,871 18 The balance in the dividends declared account after completing all closing entries is: a) $28,400 b) 0 c) $24,820 d) $10,820 19 remainder using a long term note payable, what is the impact of this transaction on net 20 income? a) $10,000 b) ($20,000) c) $0 d) ($30,000) A company purchased $110,000 building paying cash of $90,000 and financing the remainder using a long term note payable, what is the impact of this transaction on cash flow? a) ($90,000) b) ($110,000) c) $20,000 d) $90,000