During the current year, cash collections of $1,000 were recorded, of which $700 was for services performed immediately and $300 was received for services to be performed next year. Also, during the year, expenses of $800 were recorded, of which $550 was paid in cash and the rest was on credit. What combined increase or decrease) did these transactions have on Assets, Liabilities, and Equity, respectively? Select one: a. $450, $550,($100) b. $150, $250, ($100) c. $450, $250, $200 d. $150, $550, ($400) e. $1,000, $800, $200 During the year, a firm reported a decrease in assets of $51,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $73,000. During the year, $17,000 in common stock was issued. No other equity transactions occurred. What was the change in liabilities for the year? f Select one: a. $60,600 b. $85,400 c. $51,400 d. $94,600 e. $42,800