If total liabilities increased by $42,000 during a period of time and stockholders' equity decreased by $18,000 during the same period, then the amount and direction (increase or decrease) of the period's change in total assets is a(n) Select one: a. $42,000 increase $60,000 increase c. $24,000 decrease d. 524,000 increase During the year, a firm reported an increase in assets of $34,700. For the year, revenues were $196,700, expenses were $131,800, and dividends were $17,000. During the year, $73,000 in common stock was issued. No other equity transactions occurred. What was the decrease in liabilities for the year? Select one: a. $43,600 b. $173,400 c. $155,600 d. $25,800 e. $86,200