Riding Hood Limited, a communication services company, signed an agreement to complete services for Falling Down Limited The three year agreement was signed on January 1, 2026 and became effective from July 1, 2026. In 2026 10% of the services would be completed, 60% in 2027 and the remainder in 2028. The total value of the agreement is $900,000 Falling Down Limited will pay for the services provided at the end of the contract. The financial year of Riding Hood Limited and Falling Down Limited is from January 1 to December 31. Required: For the 2026 financial year, the agreement resulted in changes in the books of Riding Hood Limited Select one: a. Expenses increasing by $90,000 and increasing liabilities by $90,000 b. Assets increasing by $90,000 and increasing revenues by $90,000 c. Expenses increasing by $90,000 and increasing revenue by $90,000. d. Expenses increasing by $900,000 and increasing liabilities by $900,000