The Looper River Company makes three adjusting entries at 12/31:

- Depreciation $ 75

- Accrued Revenue $40

- Accrued Expense $ 100

Indicate the net effect of these three entries on these items:

Total Liabilities - Total Assets

a) Decrease $135 - Decrease $135

b) Decrease $135 - Decrease $60

c) Decrease $15 - Increase $60

d) Increase $60 - Decrease $35

e) Increase $100 - Decrease $35

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My work as follows:

Dep -$75

Rev +$40

Exp -$100

-> Total for this is -$135 Liabilities

Rev +$40

Exp -$100

-> -$60 for Total Assets

I say the answer is B but when I look at the key it says the answer is E.

Can someone help with this?