During the current year, revenues of $1,100 were recorded, of which $600 was on credit and $500 was received in cash. Also, during the year, expenses of $700 were recorded, of which $250 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.

$1,100, $450, $650

b.

$400, 700, ($300)

c.

$850, $450, $400

d.

($850), ($450), ($400)

e.

$850, ($450), $1,300