4. Which of the following statements is NOT true? Select one: a. If the total shareholders' equity of a company was $80,000 and liabilities totalled $40,000, total assets would be $120,000. b. If total assets decreased by $50,000 during the period and shareholders' equity decreased by $20,000, liabilities decreased by $30,000 for the period. c. If total assets increased by $60,000 for the period and liabilities decreased by $20,000, shareholders' equity increased by $40,000. d. If the total liabilities totalled $35,000 and total assets were $110,000, then shareholders' equity of a company would $75,000