"Tala's Inc. sells component parts to Advanced Communications, Inc. a cell phone manufacturer. On December 10, 2019, Tala's, Inc. sold 680,000 of goods to Advanced Communications, Inc. on account for 880,000. Terms of the sale were 2/10, net 30. On December 22, 2019, Advanced Communications, Inc. paid the account in full. Advanced Communications, Inc. uses a perpetual inventory system. Which of the following is true regarding the impact on the statement of financial position for Advanced Communications, Inc. when the payment is made on December 22, 2019 000 "Assets increased by 17,600." "Liabilities decreased by 680,000." "Liabilities decreased by 862,400" "Assets decreased by 880,000."