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24. The combined declaration and payment of cash dividends has what effect on Net Income and Working Capital, respectively? No effect, Decrease Decrease, No effect Decrease, Decrease No effect, No effect Decrease, Increase a. b. C. d. . 26, The Hooper River Company makes three adjusting entries at 12/31/18: Depreciation $75 Accrued Revenue $40 Accrued Expense $100 Indicate the net effect of these three entries on Net Income and Working Capital, respectively Decrease $135, Decrease $135 Decrease $135, Increase $40 Decrease $60, Decrease $60 Decrease $135, Decrease $35 Decrease $135, Decrease $60 a. b. C. d. e. 27. BLAKE CORPORATION ADJUSTED TRIAL BALANCE DECEMBER 31, 2018 Cash Accounts Receivable Prepaid Insurance Investments Building Accumulated Depreciation, Building Accounts Payable Wages Payable Common Stock Retained Eamings Dividends Sales Revenue Interest Revenue Depreciation Expense, Building Wages Expense Insurance Expense $15,000 10,000 3,000 25,000 100,000 $40,000 10,000 15,000 50,000 20,000 8,000 54,000 2,000 10,000 15,000 5,000 $191,000 $191,000 Following all closing journal entries, the Blake Retained Earnings account balance will be: $38,000 $54,000 $46,000 $20,000 $18,000 a. b. . d. e. 28. THE DATA FOR THIS QUESTION ARE THE SAME AS THE DATA FOR THE PREVIOUS OUESTION BLAKE CORPORATION ADJUSTED TRIAL BALANCE DECEMBER 31, 2018 Cash Accounts Receivable Prepaid Insurance Investments Building Accumulated Depreciation, Building Accounts Payable Wages Payable Common Stock Retained Eamings Dividends Sales Revenue Interest Revenue Depreciation Expense, Building Wages Expense Insurance Expense $15,000 10,000 3,000 25,000 100,000 $40,000 10,000 15,000 50,000 20,000 8,000 54,000 2,000 10,000 15,000 5,000 $191,000 $191,000 Following all closing entries, the Blake Trial Balance totals will be: $161,000 $209,000 $153,000 $145,000 $191,000 a. b. C. d. e