Alpha Company has assets of $634,000, liabilities of $267,000, and equity of $367,000. It buys office equipment on credit for $92,000. What would be the effects of this transaction on the accounting equation? Multiple Choice Assets decrease by $92,000 and expenses decrease by $92,000. Assets increase by $92,000 and expenses increase by $92,000. O Liabilities increase by $92,000 and expenses decrease by $92,000. O Assets increase by $92,000 and liabilities increase by $92,000. Assets increase by $92,000 and expenses decrease by $92,000