Assume you borrow $5,000 from the bank. You must make minimum payments of $200 on a monimly basis. 10% of that monthly payment is the interest portion with the remainder being for the principal payment. Since this is the first time you are borrowing from any bank, you are determined to make payments on time to avoid any hit to your credit score. Using T-accounts, how would the accounts be impacted at the time of applying for the loan? Select one: a. No entry is required. b. Cash increases by $5,000 and bank loan increases by $5,000. c. Cash increases by $5,000 and bank loan decreases by $5,000. d. Cash increases by $5,000 and net worth increases by $5,000. On July 1, 2022, Sue You purchased a new car for $10,000 with a 30% down payment in cash and th would her net worth change as a result of this purchase on July 1, 2022? Select one: a. Net worth has decreased by $3,000. b. Net worth has increased by $3,000. c. Net worth may go up or down depending on the time of car delivery. d. Net worth has not changed