For the transaction completed by Highmark, identify the effect on the accounting equation:

Payment is received from customers who were billed earlier for services provided for them.

Select one:

a$.$

Liabilities decrease and Assets decrease

b$.$

Assets increase and Stockholders$$ Equity increase

c$.$

No effect on the accounting equation

d$.$

Liabilities increase and Stockholders$$ Equity decrease

e$.$

Assets increase and Liabilities increase