Which of the following is true regarding the effect of recording depreciation expense?

Group of answer choices

Decreases net income, decreases total assets, decreases stockholders' equity

Decreases net income, increases liabilities, decreases stockholders' equity

Decreases net income, decreases cash flows from investing activities, decreases retained earnings

Decreases net income, decreases cash flows from operating activitied, decreases retained earnings

Increases assets, increases expenses