Celery Company has assets of $1,000,000, liabilities of $100,000, and equity of 5900,000. The company purchased the office insurance policy for a whole year (12-month period) and paid $120,000. What effect would this transaction have on the accounting equation? Select one: O a Assets decrease: Liabilities increase O b. Assets no change, Liabilities no change O c. Assets increase: Liabilities decrease O d. Assets increase: Liabilities no change