X Co. provided goods to a customer on credit for $120,000 on March 1. Which of the following statements best describes the effect on the accounting equation for X. Co? Select the single best answer: A. Increase Owner's Equity, increase Assets. B. Decrease Owner's Equity, increase Assets. C. Increase Assets, decrease Assets D. Increase Assets, increase Liabilities. E. Increase Owner's Equity, increase Liabilities