What is the effect on the statement of financial position when the business buys a car for $35,000, paying a deposit of $10,000 and promising to pay the balance within 60 days? Question 4Answer a. Increase asset vehicle by $5,000; decrease asset bank by $5,000. b. Increase asset vehicle by $35,000; decrease asset bank by $10,000; increase liability accounts payable by $25,000. c. Increase asset vehicle by $25,000; decrease asset bank by $5,000; increase liability accounts payable by $20,000. d. None of the options