Content AreaSunlight, Inc. had the following assets and liabilities as of September 30, 20X8: Assets $60,600 Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 20X8? a. ($7,250) b. ($1,450) c. $7,250 d. $1,450