Which of the following direct effects on the accounting equation isn't possible as a result of a single business transaction which impacts only two accounts?

Select one:

a. An increase in a liability and a decrease in an asset.

b. An increase in a liability and a decrease in stockholder's equity.

c. An increase in an asset and a decrease in an asset.

d. An increase in stockholders' equity and an increase in an asset.

The Steward Company has provided the following information: Operating expenses were $231,000. Cost of goods sold was $376,000. Net Sales were $940,000. Interest expense was $32,000. Gain on sale of a building was $76,000. What was Stewards income from operations?

Select one:

a. $188,000

b. $333,000

c. $301,000

d. $156,000