24) Pick one statement from A through H below that best reflects the impact to the balance sheet for each of the following 4 events (4 points) Pete's brother invests $25,000 in the company in return for 20% equity. Pete buys $10,000 worth of special spain to be used in the beer. He has 60 day terms (has to pay for grain in to days) Pete buys a new truck for $30,000. He pays cash. Pete pays himself a dividend of $20,000 Cash goes down, Plant and equipment goes up Cash goes up, short term loan goes up Cash goes down, depreciation goes up Inventory goes up, Accounts payable goes up Cash goes down, retained earnings goes down Cash goes down, inventory goes up Cash goes up, equity goes up Retained earnings goes down, shareholder equity goes up A B D E F H 25) A Company sells a product for $30 (price). It pays $20 for the item (cost). What is the mark-up % of the item (3 points)