Revenues increase equity while expenses decrease equity. To ensure you are able to distinguish between the two classify the items listed below into appropriate category using the drop down list. Event Activity Type Advertising services used select Commissions from services select select Consulting services provided select Cost of employee time solod Facilities rented to others submit answer & continue Question 1 of 2 During its first year of operations, Mario Lupo formed Lupo Company as a corporation and personally invested $15,000 in the business in exchange for common stock. Lupo Company also paid dividends of $2,000. The company earned $35,000 of revenues and incurred $23,000 of expenses. At the end of the year, the company's equity totaled: $13,000 $15,000 $25,000 $75,000 submit answer & continue