When it goes on sale for $1,600, Mikah buys a new plasma television that is valued at $1,800. He takes $300 from his savings account to use as a down payment and finances the rest. Choose the true statement.



a.

Mikah's assets increased by $1,300.

b.

Mikah's assets increased by $1,500.

c.

Mikah's assets increased by $1,600.

d.

Mikah's assets increased by $1,800.