Kailua Corporation pays $1,000 cash for a previously accrued expense and accrues $250 for a new expense.What is the effect of these two recordings on Total Assets and Net Income, respectively:

Select one:

a.Increase by $1,750, Decrease by $1,750

b.Increase by $750, Decrease by $750

c.Decrease by $1,000, Decrease by $1,000

d.Decrease by $1,000, Decrease by $250

e.Decrease by $250, Decrease by $750