Luxton Limited signed a $378,000, 5-year note payable to buy a new machine Luxton paid $6,000 cash for transportation of the machine and $900 cash for Installation costs What is the overall effect of this transaction on the accounting equation? Multiple Choice - Total liabilities increase by $384.900 Total assets increase by $378,000 Total liabilities increase by $371100 O Total liabilities increase by $384,900. O Total assets increase by $378,000. O Total liabilities increase by $371100. O Machinery, an asset, increases by $378,000