What is the assets,liabilities and owners eq. effect? A)ncrease by 18 million B)Decrease by 18 million C)No affect

llllll Student/playerHomework aspx?homeworkld 433492011&questionld 2&flushed s452910 78cent Homework: HW1 Chapter 1 Score: 25 of 4 pts ENM2003 Accounting Summer 2 E1-28 (similar to) 6 of 10 (5 complete) Eldorado Company reported total assets of S22 million and total liabilities of $18 million at the end of 20000 Requirements 1. Construct the balance sheet equation for Eldorado company at the end of 20xo and include the comect amount for owners egury 2. Suppose that during January 20x1 Eldorado borrowed $18 milion from Regiona Bank How would affect Eldorado's assets, sabwies and owners'equity? this Requirement 1. Construct the balance sheet equation for Eldorado Company at the end of 20x0 and include the correct amount for owners' equity Begin by selecting the labels of the balance sheet equation to solve for the owners' equity at the end of 20x0 You wil need to rearrange the balance shoet equation to solve for the missing am 22 million owners' Equity 18 Requirement 2. Suppose that during January 20x1 Eldorado bomowed s18 million from Regona Ban How woud this affect Eldoradon assets, Nabiltes, and owners'equity? No affect Liabilities No affect Owners' equity