Assume that Larsh Realty Inc. borrowed $75,000from Country Bank and Trust. In recording the transaction, Larsh erroneously recorded the receipt as an increase in cash, $75,000, and an increase in fees earned, $75,000. (a) How would this error affect the equality of the accounting equation? (b) How would this error affect the income statement, statement of stockholders equity, balance sheet, and statement of cash flows?