Mark Furniture Company purchases $50,000 of production equipment by issuing a note. What is the effect of this transaction on the balance sheet? CASH FLOW $50,000 Assets Cash + Equipment ? + ? = BALANCE SHEET Liabilities + Stockholders' Equity Notes Payable + Stockholders' Equity ? + Stockholders' Equity Increases assets by $50,000 and decreases liabilities by $50,000. O Decreases assets by $50,000 and increases liabilities by $50,000 O Increases assets by $50,000 and increases liabilities by $50,000. Decreases assets by $50.000 and decreases liabilities by $50,000. INCOME STATEMENT