During fiscal year 2023, IKS made the following transactions: Cash purchase of land for $150,000, Commitment of expenses of $30,000 (paid in full in cash), Cash sale of services for $55,000 Analysis of transactions for FY 2023 shows the following: Question 9 Options:

Increase in equity of $25,000 and increase in assets of $25,000

Increase in equity of $25,000 and decrease in assets of $150,000

Increase in equity of $55,000 and decrease in assets of $30,000

Increase in equity of $55,000 and decrease in assets of $120,000