N3 Corporation has assete of $4,200,000, common stock of $1,092,000, and retained eamings of $665,000. What is the amount of total liabilites? 54,627,000$3,773,00051,757,000$2,443,000 Jones borrows $50.000 from Bank of America. How does this transaction affect the accounting equation? Assets increase by $50,000, liabilities increase by $50,000, no effect on equity Assets increase $50,000, no effect on liabilities, equity increases by $50,000 No effect on assets, liabilities increase by $50,000, equity decreases by $50,000 No effect on assets, liabilities increase by $50,000, equity increases by $50,000