Question: The questions below present you with a transaction at a hypothetical company. You need to use your understanding of the transaction and your knowledge of

The questions below present you with a transaction at a hypothetical company. You need to use your understanding of the transaction and your knowledge of the balance sheet equation (A = L + S/E) to answer how Total Assets, Total Liabilities and Total Sharholders' Equity would be affected by the transaction. In each blank, you must type either "increase", "decrease", or "no change".

The company acquires a parcel of land that it will use in the future. The company made a downpayment of $1,000 and signed a mortgage obligating it to pay $20,000 plus interest in the future. Total Assets ________ Total Liabilities _________; Total Shareholders' Equity __________

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