On February 1, 2010, Green Valley Lodge Purchased Ski Equipment

On February 1, 2010, Green Valley Lodge purchased ski equipment costing $75,000. The company paid $25,000 in cash and signed a 2-year note payable for the balance. What is the net change in Green Valley's total assets immediately after this transaction?

A) $(25,000)
B) $0
C) +$25,000
D) +$50,000
E) +$75,000