Question: what is the answer for 3 and 4 please For the following error, indicate the effect on 12/31/19 Working Capital and 12/31/19 Retained Earnings, respectively.

what is the answer for 3 and 4 please

For the following error, indicate the effect on 12/31/19 Working Capital and 12/31/19 Retained Earnings, respectively. A $10,000 cash purchase of ten-year equipment in 2019 was expensed. n Select one: O a. No Error, No Error O b. No Error, Understated O c. Understated, No Error O d. Understated, Understated O e. Understated, Overstated Given the following: Cash Dividends $5 Decrease in Total Liabilities 4 on Increase in Total Assets 6 Increase in Common Stock 4 Treasury Stock Increase 8 Net income was: Select one: O a. $19 O b. $5 O c. $1 O d. $3 O e. $9

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