Kinabalu Berhad has assets of RM600,000, liabilities of RM250,000, and equity of RM350,000. It buys office equipment on credit for RM75,000. What would be the effects of this transaction on the accounting equation? Select one: a. Assets increase by RM75,000 and expenses increase by RM75,000. b. Assets increase by RM75,000 and expenses decrease by RM75,000. C. Assets decrease by RM75,000 and expenses decrease by RM75,000. d. Liabilities increase by RM75,000 and expenses decrease by RM75,000. e. Assets increase by RM75,000 and liabilities increase by RM75,000