Alpha Company has assets of $616,000, liabilities of $258,000, and equity of $358,000. It buys office equipment on credit for $83,000. What would be the effects of this transaction on the accounting equation? Multiple Choice Assets increase by $83,000 and expenses increase by $83,000 Assets increase by $83.000 and expenses decrease by $83.000 Liabilities increase by $83.000 and expenses decrease by $83,000 Assets decrease by $83,000 and expenses decrease by $83.000.