After a year of operation, Blackfly Ltd. has $1,000,000 in assets and $300,000 in liabilities. The owners decide to withdraw $100,000 from the company for their own use. After the withdrawal, the accounting equation is: assets: $600,000; liabilities: $0; equity: $600,000 assets: $1,000,000; liabilities: $400,000; equity: $600,000 assets: $900,000; liabilities: $400,000; equity: $500,000 assets: $900,000; liabilities: $300,000; equity: $600,000