XYZ Co recorded journal entries for the declaration of $110,000 of dividends, the $64,000 increase in accounts receivable for services provided, and the purchase of equipment for $42,000. What net effect do these entries have on equity? Select one: O a. Decrease of $152,000 b. Decrease of $46,000 c. Decrease of $88,000 d. Increase of $32,000