6. Company A has the following information from its financial statements: Total Assets Total Liabilities Total Owners' Equity Dec. 31, Year 20X2 1,000,000 300,000 70,000 Dec. 31, Year 20X1 400,000 200,000 20,000 Which of the following statements is correct? The debt/assets ratio decreased in Year 20x2. Retained Earnings increased by $50,000. The liabilities of Year 20x2 decreased by 33.33% from $30,000 to $20,000, compared to Year 20X1. The increase in total liabilities is due to an increase in Accounts Payable in Year 20X2