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A company began the year with assets of $106.000, liabilities of $23,000, and stockholders' equity of $83,050. During the year assets increased $55,600 and stockholders'

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A company began the year with assets of $106.000, liabilities of $23,000, and stockholders' equity of $83,050. During the year assets increased $55,600 and stockholders' equity increased $21,200. What was the change in liabilities for the year? Multiple Choice Decrease of $34.400 Decrease of $76,800 Increase of $75,800 Increase of $34,400

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