For transactions completed by Highmark, identify the effect on the accounting

equation:

Borrowed cash from a bank and signed a nine$-$month note.

Select one:

a$.$ Liabilities increase and Stockholders' Equity decrease

b$.$ No effect on the accounting equation

c$.$ Assets increase and Stockholders' Equity increase

d$.$ Liabilities decrease and Assets decrease

e$.$ Assets increase and Liabilities increase