"Tradition Manufacturing borrows a $100,000. This transaction:" Causes total assets and total liabilities to increase. Causes total liabilities to decrease. Is an operating activity. None of these are correct QUESTION 14 "Moore Supply sold $80,000 of inventory on account with net 30 terms to a customer for $120,000. The effect of this transaction on the financial statements is." Total Assets: Increase; Total Liabilities: No Effect: Shareholders Equity: Increase, Net Income: Increase Total Assets: Increase, Total Liabilities: No Effect, Shareholder s Equity: Increase Net Income: No Effect Total Assets: Increase; Total Liabilities: Decrease; Shareholder s Equity: No Effect, Net Income: No Effect Total Assets: Decrease, Total Liabilities: No Effect; Shareholders Equity: Increase; Net Income: No Effect Total Assets: Increase, Total Liabilities: No Effect; Shareholder s Equity: No Effect; Net Income: No Effect Total Assets: No Effect; Total Liabilities: No Effect, Shareholders Equity: No Effect, Net Income: No Effect