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Audient began the year with assets of $108,000, liabilities of $24,000, and stockholders' equity of $84,000. During the year assets increased $55,800 and stockholders' equity
Audient began the year with assets of $108,000, liabilities of $24,000, and stockholders' equity of $84,000. During the year assets increased $55,800 and stockholders' equity increased $21,600. What was the change in liabilities for the year?
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Decrease of $34,200
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Decrease of $77,400
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Increase of $77,400
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Increase of $34,200
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