Brick Oven Restaurant had $88,000 of total assets and $53,000 of total stockholders equity at July 31,

Question:

Brick Oven Restaurant had $88,000 of total assets and $53,000 of total stockholders’ equity at July 31, 2012. At July 31, 2013, Brick Oven Restaurant had assets totaling $155,000 and stockholders’ equity totaling $85,000.
After analyzing the data, answer the following questions:
1. What was the amount of the increase or decrease in liabilities?
2. Identify a possible reason for the change in liabilities during the year.