MMM Inc. began operations on January 1, 2018, and uses IFRS to prepare its financial statements. MMM reported Net Income of $220,000 and stockholders' equity of $330,000 on December 31, 2019. Relevant information follows. * ABC paid $110,000 for development stage related to a new product in 2018 . *ABC began selling the new product on January 1, 2019, and expects the product to be marketable for a total five years. 1. ABC's Net Income and Stockholder's Equity in 2019 will: Select only one, and if necessary, indicate the calculations \& the amount: (Shade your answer in yellow) (4 points) a. Increase by: b. Decrease by: c. It remains the same. d. Cannot be determined