Sky Ltd. has received the information of that one of its major customers, which represents 20% of tade receivables, went bankrupt. The trade receivables balance is 34, 000. In addition, insurance expense includes a payment of 2, 500 that belongs to the next accounting period. After considering the two journal entries related to the two economic transactions, which of the following statements is true? O a. Sky Ltd. decreases assets by 4, 300 and increases expenses in the same quantity. O b. Sky Ltd. decreases assets by 6, 800, decreases expenses by 4, 300 and increases liabilities by 2, 500. O c. Sky Ltd. increases assets by 4, 300. O d. None of the answers is true.