Select each statement either the word "debit" or "credit." 1. An asset account is increased with a. 2. Owner's equity is increased with a. 3. To place an amount on the left-hand side of the T account is to the account. 4. The prepaid insurance account is increased by entering a. 5. The drawing account is decreased by entering a. 6. The accounts payable account is decreased with a. 7. The owner's capital account is increased with a. 8. The wages expense account is increased with a. 9. The fees earned account is increased with a. 10. The equipment account is decreased with a.

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year.if the tax rate is 35 percent, what is the annual ocf for the project?