If total liabilities decreased by $42,000 during a period of time and assets increased by $18,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total equity is a(n) a. $42,000 increase Ob. $60,000 increase Oc. $24,000 decrease d. $24,000 increase e. $42,000 decrease During the year, a firm 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. No other equity transactions occurred. What was the decrease in assets for the year? Select one: a. $43,600 Ob. $173,400 c. $155,600 Od. $25,800 e. $86,200