A corporation declares and pays cash dividends of $200,000 in 2022. What is the effect on the assets & equity of the corporation declaring and paying the dividend? O Assets decrease & Equity decreases Assets increase & Equity decreases O Assets decrease & Equity increases O Assets increase & Equity increases

A corporation declares and pays cash dividends of $200,000 in 2022 . What is the effect on the assets \& equity of the corporation declaring and paying the dividend? Assets decrease \& Equity decreases Assets increase \& Equity decreases Assets decrease \& Equity increases Assets increase \& Equity increases