Question 20 Not yet answered Marked out of 1.00 Flag question If X Company has the following balances:Cash 10,000 Equipment 50,000 inventory 5,000 Long term investment 3,000 Franchise 4,000 Accounts receivable 7,000 Supplies 3,000 the total current assets shown in the classified balance sheet is a. 22,000 b. 25,000 c. other amount d. 29,000 Previous page Next page TIL P Flag question Owner contributed $7,500 cash and $15,000Equipment to the business. a. Cash increased by $7,500 & Capital increased by $7,500 b. Cash increased by $7,500, Equipment increased by $15,000 & Capital decreased by $22,500 c. Cash increased by $7,500, Equipment increased by $15,000 & Capital increased by $22,500 d. Cash increased by $7,500, Equipment decreased by $15,000 & Capital increased by $7,500 :