What is the impact on the annual financial statements from having recorded depreciation during the year?

Group of answer choices

Decrease total assets, decrease gross profit, decrease stockholders' equity, decrease cash flows from investing actvities.

Decrease total assets, decrease net income, decrease retained earnings, increase cash flows from operating activities.

Decrease current assets, decrease retained earnings, decrease stockholders' equity

Decrease total assets, decrease net income, decrease retained earnings

Decrease current assets, increase expenses, decreases retained earnings, decrease cash flows from operating activities.