Alpha Company has assets of S628,000, liabilities of $264,000, and equity of $364,000. It buys office equipment on credit for $89.000 What would be the effects of this transaction on the accounting equation? Multiple Choice Assets increase by 589.000 and expenses increase by $89,000 O Assets increase by $89,000 and expenses decrease by 589,000 Liabilites increase by $89.000 and expenses decrease by $99.000 Ascets decrease by $89.000 and expenses decrease by $89.000