If a company receives 5120.000 cash on accounts receivable and uses the cash to pay $50.000 on accounts payable then assets would increase by $120,000 while liabilities would decrease by 550.000 liabilities would decrease by $50.000 while stockholders equity would increase by 550.000, assets would not change while liabilities would decrease by 550.000 Olabilities would decrease by 550,000 while stockholders' equity would decrease by $70,000. 1 points How many of the following statements regarding the income statement are true? The total from the income statement is included in the statement of retained earnings The income statement primarily shows whether a business made a profit from selling goods or providing services after subtracting the costs of doing business The income statement shows the assets and liabilities of the company at a point in time. none e two one three