The following entry was recorded in the books of Brighty Company. Mar. 31 Cost of Goods Sold 18,000 Inventory 18,000 Recorded cost of goods sold. What is the impact of this entry on the accounting equation? a. an increase in Assets and an increase in Equity b. a decrease in Assets and a decrease in Equity Oc. a decrease in Assets and a decrease in Liabilities Od. an increase in Assets and an increase in Liabilities