A company began the year with Assets of $104,000, Liabilities of $22,000 and Stockholders' equity of $82,000. During the year assets increased $55,400 and stockholders' equity increased $20,800. What was the change in liabilities for the year?

a) Increase of $76,800

b) Increase of $34,400

c) Decrease of $76,800

d) Decrease of $34,400