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Question 31 3.03 / 3.03 pts During 2017 the Snell Consulting Company experienced the following three events: The balance in their Unearned Consulting Revenue account decreased $90,000 from January 1st to December 31st No additional Unearned Revenue was booked in 2017. The balance in their Prepaid Rent account decreased $70,000 from January 1st to December 31st. No additional rent was paid in advance in 2017. They declared and paid $5,000 worth of cash dividends (both occurred in 2017) and paid their bank $5,000 cash to repay the principal borrowed with a note payable from 2016. Ignoring interest expense and income tax expense which of the following is Correct for 2017? Net Income was $10,000 Net Income was $15,000 O Retained Earnings Increased $20,000 Retained Earnings Increased by $15,000 Two of the listed answers are correct