On July $1,2023,$ Goode Company borrowed $$300,000.$ The company signed a note payable with interest at $4$ percent per year. The note and interest are due

on December $31,2023.$ On December $31,2023,$ Goode paid $$306,000$ to settle the debt in full. Assuming no accruals for interest have been made during the

year, transaction analysis of the $$306,000$ cash payment on December $31,2023$ should reflect which of the following?

Multiple Choice

A decrease in stockholders' equity of $$300,000,$ a decrease in liabilities of $$6,000,$ and a decrease in assets of $$306,000.$

A decrease in assets of $$306,000$ and a decrease in liabilities of $$306,000.$

A decrease in liabilities of $$300,000,$ a decrease in stockholders' equity of $$6,000,$ and a decrease in assets of $$306,000.$

A decrease in assets of $$300,000,$ a decrease in stockholders' equity of $$6,000,$ and a decrease in liabilities of $$306,000.$