How would WDB$\text{'}$s June $1,2022,$ purchase of the $116$ cattle in Pen $231$ affect the accounting equation?

A$.$ There would be no overall effect on the accounting equation because the increase in assets of $$73,600$ is offset by a decrease in assets of $$73,600.$

Assets would increase by $$73,600$ and Liabilities would increase by $$73,600.$

Expenses would increase by $$73,600$ and Assets would decrease by $$73,600.$

Assets would increase by $$73,600$ and Liabilities would decrease by $$73,600.$

How would WBD$\text{'}$s February $1,2023,$ sale of the $116$ cattle in Pen $231$ affect the accounting equation? $($Ignore the effect of taxes.$)$

A$.$ Assets would increase by $$13,000$; Owner's Equity would increase by $$128,000$; Liabilities would decrease by $$115,000.$

Assets would decrease by $$115,000$; Owner's Equity would decrease by $$115,000$

Assets would increase by $$13,000$; Owner's Equity would increase by $$13,000$

There would be no overall effect on the accounting equation because increases in assets are offset by decreases in assets.