Maroon5, Inc. sells component parts to Madonna, Inc. a cell phone manufacturer. During December 10, 2020, Maroon5, Inc. sold 1,700,000 of goods to Madonna, Inc. on account for 2,200,000. Madonna, Inc. was dissatisfied with 25% of the merchandise it receives due to inferior quality. On December 21, 2020, Madonna, Inc. returns the goods to Maroon5, Inc. for credit. Which of the following is true regarding the statement of financial position and the income statement for Maroon5, Inc. at December 31, 2020? (Hint: Journalizing each transaction) Select one: a. Assets will decrease by 125,000 and income will decrease by 125,000. O b. Assets will decrease by 425,000 and income will decrease by 425,000. c. Assets will increase by 425,000 and income will decrease by 425,000. d. Assets will increase by 550,000 and income will decrease by 550,000