an If expenses are paid in cash, then Select one: O a. owner's equity will increase. b. assets will decrease 0 c. assets will increase. 0 d. liabilities will decrease During the year,lail Shop's inventory decreased by $35,000. If the company's cost of goods sold for the year was $600,000, purchases must have been Select one: 0 a. $600,000. O b. Unable to determine 0 c. $635,000. Od. $565,000