Poppy's Grooming, a company that provides grooming services to dogs and cats, purchased some new equipment with cash on January 15 consisting of:

- A grooming table $5,000

- A computer $1,000 What is the impact of these two transactions on the financial statements?

Question 3 options:

a) Assets remained the same, liabilities remained the same, and equity remained the same.

b) Assets increased, liabilities increased, and equity remained the same.

c) Assets increased, liabilities remained the same, and equity decreased.

d) Assets decreased, liabilities decreased, and equity remained the same.