The Malaise Company is recording adjusting journal entries. Which of the following adjusting entries will result in a decrease in liabilities and an increase in equity? Select one: O a. The entry to record the earned portion of rent received in advance Ob. The entry to record accrued wages payable O c. The entry to record a revenue earned but not yet received Od. The entry to record the used portion of prepaid insurance O e. The entry to record the payment of a dividend previously declared Given this information for the year 2018: Increase in Assets Decrease in Liabilities Increase in Contributed Capital Dividends Declared and Paid 7 14 Net Income or Loss for 2018 was: Select one: O a. $1 Income O b. $3 Income O c. $7 Loss O d. $11 Loss O e. $21 Loss