Jack received$5000 in income for the month of June. He spent$6000 during the month on goods and services. Which of the followingCOULD be TRUE?(A) His financial assets grew by$1000 and his debt grew by$2000,and he is a net borrower from the economy.(B) His financial assets grew by$2000 and his debt grew by$1000,and he is a net borrower from the economy.(C) His financial assets grew by$1000 and his debt grew by$2000,and he is a net lender to the economy.(D) His financial assets grew by$2000 and his debt grew by$1000,and he is a net lender to the economy