On July 1, 2019, Goode Company borrowed $290,000. The company signed a note payable with interest at 5 percent per year. The note and interest are due on December 31, 2019. On December 31, 2019, Goode paid $297,250 to settle the debt in full. Assuming no accruals for interest have been made during the year, transaction analysis of the $297,250 cash payment on December 31, 2019 should reflect which of the following? Multiple Choice A decrease in assets of $297,250 and a decrease in liabilities of $297,250. A decrease in liabilities of $290,000, a decrease in stockholders' equity of $7,250, and a decrease in assets of $297,250. A decrease in assets of $290,000, a decrease in stockholders' equity of $7,250, and a decrease in liabilities of $297,250. A decrease in stockholders' equity of $290,000, a decrease in liabilities of $7,250, and a decrease in assets of $297,250