Indicate the best answer using the following: BALANCE SHEET INCOME STATEMENT Event Assets = Liabilities + Stockholders' Revenues Expenses Equity a. Received capital contribution of $22,500 from each of the two principal owners in exchange for shares of stock. Increased the asset cash for $45,000, and increased revenue and total stockholders' equity for $45,000. Increased the asset cash for $45,000, and increased capital stock and total stockholders' equity for $45,000. Decreased the asset cash for $45,000, and decreased capital stock and total stockholders' equity for $45,000 Increased the asset cash for $22,500, and increased capital stock and total stockholders' equity for $22,500. QUESTION 43 Using the following select the best answer indicating the effect of the transaction given below. INCOME STATEMENT BALANCE SHEET Assets = Liabilities Event Revenues Expenses