125 stion 35 On 1/1/21, the Rainbow Company had total equity of $2,680 of which $1,674 was Retained Earnings. Additional data for 2021 and 2022: 2021 2022 Net Income $450 $210 Common Stock Issued 330 100 Dividends Declared and Paid 170 0 Retained Earnings at 12/31/22 were: Select one O a $2.664 Ob $3,600 Oc 11,496 O d. $1.500 O $2,164 Accruing Interest Expense will Time let $2,164 Accruing Interest Expense will: Select one: O a. Increase total liabilities O b. Increase total assets Oc. Not affect stockholders' equity Od. Increase net income Oe. Not affect total liabilities