Please help me understand the exercise.

Company Baldwin invested $37,940,000 in plant and equipment last year. The plant investment was funded with bonds at a face value of $28,588,738 at 13.9% interest, and equity of $9,351,262. Depreciation is 15 years straight line. For this transaction alone which of the following statements are true?

Select: 5

On the Balance sheet, Plant & Equipment increased by $37,940,000.

Cash went up when the Bond was issued by $28,588,738.

Cash was pulled from retained earnings to cover the $9,351,262 difference between the plant purchase and bond issue.

On the Balance sheet, Long Term Debt changed by $28,588,738.

Cash went down by $37,940,000 when the plant was purchased.

Depreciation increased by $2,529,333.

Since the new plant was funded with debt and equity, on the Balance sheet Retained Earnings decreased by $9,351,262, the difference between the investment $37,940,000 and the bond $28,588,738.

Buying the plant had no net effect on the Cash account, because the plant was paid for by the bond plus retained earnings.