Waterworld Boat Shop purchased a truck for \(\$ 12,000\), making a down payment of \(\$ 5,000\) cash and signing a \(\$ 7,000\) note payable due in 60 days. As a result of this transaction:

a. Total assets increased by \(\$ 12,000\).

b. Total liabilities increased by \(\$ 7,000\).

c. From the viewpoint of a short-term creditor, this transaction makes the business more liquid.

d. This transaction had no immediate effect on the owners' equity in the business.