Show the effect of each of the following transactions on the basic accounting equation, using the template approach. The company's fiscal year end is December 31. 3. February 10, the company bought $15,000 of inventory from suppliers on account O a. Assets (Inventory) increased by $15,000 and Liabilities (Accounts Payable) increased by $15,000 O b. Assets (cash) decreased by $15,000 and Shareholder's Equity (Retained Earnings) decreased by $15,000 O c Assets (Inventory) increased by $15,000 and Shareholders' Equity (Retained Earnings) increased by $15,000 Show the effect of each of the following transactions on the basic accounting equation, using the template approach. The company's fiscal year end is December 31 4. February 20, the company makes a payment to suppliers for S10,500 for inventory previously purchased on account O a. None of the above ob. Assets (Cash) decreased by $10,500 and Liabilities (Accounts Payable) decreased by $10,500 O c Assets (Cash) decreased by $10,500 and Shareholders' equity (retained earnings) increased by $10,500 O d. Assets (Cash) decreased by $10,500 and Assets (inventory) increased by $10,500