Indicate whether the account balances (assets, liabilities or net worth) will increase or decrease and by how much, based on each transaction below. 

1) Received a cash gift of $800. 

2) Made a $500 car loan payment. 

a. 1) Increase assets and increase net worth by $800. 2) Decrease assets and liabilities by $500. 

b. 1) Decrease liabilities and decrease net worth by $800. 2) Increase assets and decrease net worth by $500. 

c. 1) Increase assets and increase net worth by $500. 2) Decrease assets and liabilities by $800. 

d. 1) Increase assets and decrease net worth by $500. 2) Increase assets and liabilities by $800.

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