(3) A. Explain the difference between depreciation expense and accumulated depreciation. (3) B. Explain the difference between unearned fees and fees earned. (3) C. Explain the difference between utilities payable and utilities expense. (b) D. The President of Acme Corp. complains that although the net income for the year is $150,000 there is no cash available in the business. The President feels that there must be a mistake on the income statement. Isn't net income the same as cash? she asks. Respond to the President's question. (5) E. The President of ACME Corp. complains that although ACME's balance sheet is prepared in accordance with GAAP, it does not seem to be a fair and accurate portrayal of ACME's financial position. Respond to the President's complaint. Make specific reference to GAAP in your response