During the year, the Jackson Company reported an increase in liabilities of $34,700. For the year, revenues were $131,800, expenses were $196,700, and dividends were $73,000. During the year, $17,000 in common stock was issued. There were no other changes in equity. What was the decrease in assets for the year?

Select one:

a.

$86,200

b.

$154,900

c.

$103,200

d.

$25,100

e.

$155,600