Question: During 2 0 2 2 , Voyager Industries incurred operating expenses amounting to $ 2 3 1 , 0 0 0 , of which 7

During 2022, Voyager Industries incurred operating expenses amounting to $231,000, of which 75% was paid in cash; the balance will be paid during 2023. Which of the following is correct for the 2022 year-end balance sheet?
Multiple Choice
Assets decrease $231,000, liabilities increase $57,750, and stockholders' equity decreases $231,000.
Stockholders' equity decreases $173,250 and assets decrease $173,250.
Stockholders' equity decreases $231,000, assets decrease $173,250, and liabilities increase $57,750.
Assets decrease $231,000 and stockholders' equity decreases $231,000.

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