Saved Hel If a company receives $12,800 from its sole stockholder to establish a corporation, the effect on the accounting equation would be: Multiple Choice Assets increase $12,800 and liabilities decrease $12,800 Assets increase $12,800 and equity increases $12,800. Liabilities increase $12,800 and equity decreases $12.800 Assets increase $12,800 and liabilities increase $12,800 Assets decrease $12,800 and equity decreases $12.800 1 of 20 Next > Prev Charie's Chocolates' stockholders made investments of $62.000 and received dividends of $26,000. The company has revenues of $95,000 and expenses of $70,000. Calculate its net income Mutbiple Choice $36,000 $95,000 $61000 25,000 70.000 20, 20 Nee, >