3. Events' impact on assets, liabilities and equity Provide an example of a transaction that creates the described effects for the separate cases a through e. a. Decreases an asset and decreases equity. b. Increases an asset and increases a liability c. Decreases an asset and decreases a liability. d. Increases an asset and decreases an asset. (Consider two different assets) e. Increases an asset and increases equity. 4. Applications of the Fundamental Accounting Equation a. Cadence Office Supplies has assets equal to $123,000 and liabilities equal to $47,000 at year-end. What is the total equity for Cadence at year-end? b. At the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000. What is the equity at the end ofthe year? c. At the beginning of the year, Quasar Company's liabilities equal $70,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity