Romeo's opening capital at 1 July 2020 was $75 000, his profit for the year was $22 000 and his drawings were $8 000. What is the final balance of his capital at the end of the year? Select one: O a. $89 000 O b. $45 000 O c. $105 000 O d. $53 000 Kate's Mechanics purchased a delivery van for $8000 cash. The effect of this transaction on the accounting equation is: Select one: O a. Asset Cash at bank increases by $8000; Asset Vehicles decreases by $8000. Ob. Asset Cash at bank decreases by of $8000; Asset Vehicles increases by $8000. Oc. Asset Cash at bank decreases by $8000; Equity decreases (via Motor Vehicles Expenses) by $8000. O d. Asset Cash at bank decreases by $8000; Equity increases (via Motor Vehicles Expenses) by $8000