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:

a. Increase of $32,000

b. Decrease of $88,000

c. Decrease of $46,000

d. Decrease of $152,000