4) During February, assets increased by $83,000 and liabilities increased by $23,000. Equity must have 5 Points O increased by $60,000 increased by $106,000 O decreased by $106,000 decreased by $60,000 5) All of the following are current assets except 5 Points O prepaid expenses accounts payable inventory accounts receivable 6) Another name for the balance sheet is the 5 Points O statement of operations statement of profit and loss statement of earnings statement of financial position 7) The amount a company expects to collect from customers appears on the 5 Points balance sheet in the current assets section balance sheet in the stockholders' equity section statement of cash flows income statement in the expenses