32 Presented below are data for XYZ Corp. 2018 2019 2020 Assets, January 1 5,600 out of 3,360 ? Liabilities, January 1 3,160 ? 2,016 question ? ? Equity, Jan. 1 Dividends 2,100 1120 420 476 1,008 448 500 ? ? Increase in share capital-ordinary Equity, Dec. 31 Net Income Equity at Dec.31, 2018 is? 1,596 1120 448 ? Select one: a. 2,128 O b. 2,440 C. 3,448 d. 1,008 n33 Both revenues and gains increase net income and equity d Select one: True Out of False question Pre n34 An adjusting entry should never include d Out of question Select one: a. a debit to a liability account and a credit to revenue account O b. a debit to Cash account and a credit to a revenue account. O C. a debit to a revenue account and a credit to a liability account d. a debit to an expense account and a credit to a liability account