A firm received a utility bill of $1,000; management paid immediately $200 in cash, and decided to wait to pay the rest. What are the net changes on the accounts impacted by this transaction?

A net increase in Total Liabilities, a net decrease in Total Assets, a net increase in Total Shareholders' Equity

A net decrease in Total Liabilities, a net decrease in Total Assets, a net decrease in Total Shareholders' Equity

A net increase in Total Liabilities, a net decrease in Total Assets, a net decrease in Total Shareholders' Equity

A net increase in Total Liabilities, a net increase in Total Assets, a net decrease in Total Shareholders' Equity