The following transactions occur for Badger Biking Company during the month of June: a. Provide services to customers on account for $35,000. b. Receive cash of $27,000 from customers in (a) above. c. Purchase bike equipment by signing a note with the bank for $20,000. d. Pay utilities of $3,500 for the current month. Analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (Decreases to account classifications should be entered as a negative.) Transaction Assets Liabilities + Stockholders' Equity $ 35,000 $ 35,000 (a) (b) increase (b) decrease (c) (d) $ 27,000 $ (27,000) $ 20,000 $ (3,500) $ (3,500)