Which one of the following equations is not correct? Select one: O a. Income - Expenses Profit O b. Asset - Liabilities - Equity O Income Assets Equity O d Assets Equity + Liabilities A new retail business has sales of $100,000, cost of goods sold of $36.000 salaries of $15,000, rental of $4,000, and advertising of $8,000. All of the income and expenses have been paid out of the owner's initial capital of $25,000. In addition, the business paid cash of $30,000 for inventory (which remains unsold) and purchased equipment for $20.000 The financial statements of the business would show Select one: O a. Profit of $33.000, cash of $13.000, and shareholders' equity of $25,000 O b. Profit of $38.000, cash of $33,000, and shareholders' equity of 583.000 O c. Profit of $65,000, cash of $3.000. and shareholders' equity of 338.000 O d. Profit of 303,000, cash of $33,000, and shareholders' equity of 538,000 A statement of financial position shows liabilities of $125,000 and assets of $240,000. Thement of comprehensive income shows income of 500.000 and expenses of 534,000 Captalis Select one O a. 345.000 3115.009 D5100.000 @d: $325.000