29. Yingst Corporation pays $400 cash for land and accrues $1,000 for a new revenue. What is the effect of these two recordings on: c) Total Assets Decrease by $1,000 Increase by $600 Decrease by $600 Decrease by $1,400 Increase by $1,000 Net Income Decrease by $600 Decrease by $600 Increase by $400 Decrease by $1,400 Increase by $1,000