Current assets and stockholders' equity should increase Fixed assets and total liabilities should increase Current assets and total liabilities should increase. Question 3 (5 points) In 2012, Titans Electronics reported sales of $850,000. They also incurred operating costs of $400,000 and depreciation expenses of $50,000. The firm has $900,000 of outstanding bonds that pay 8% interest. If Titans Electronics faces a flat tax rate of 40%, what was its net income in 2012? $19,200 $196,800 $256,800 $331,200 Question 4 (3 points) Which of the following generally results in cash outflow in the statement of cash flows? MacBook Air DOO 14 F3 11 FS F6 F7 FB 19 FVO ^ * $ 4 % 5 & 7 6 8