Last year, Sutton Manufacturing had a net profit of $100,000. The firm had $20,000 in interest expense and purchased $50,000 worth of new equipment (with cash). Which of the following options most accurately reflects the entries made in Sutton Manufacturing's balance sheet. Cash increased by $100,000 Fixed Assets increased by $50,000 Owner s Equity increased by $50,000 Cash increased by $50,000 Fixed Assets increased by $50,000 Owner's Equity increased by $50,000 Cash increased by $50,000 Fixed Assets increased by $50,000 Interest Expense increased by $20,000 Owner s Equity increased by $100,000 Cash increased by $50,000 Fixed Assets increased by $50,000 Owner's Equity increased by $100,000