On November $1,2024,$ a company signed a $$104,000,3\%,$ six$-$month note payable with the amount borrowed plus accrued interest due six months later on May $1,2025.$ The company recorded accrued interest on December $31,2024.$ The payment of the note and interest on May $1,2025,$ causes assets to decrease by $$105,560$ and which of the following? $($Do not round your intermediate calculations.$)$

Multiple Choice

Liabilities to decrease by $$104,520$ and stockholders' equity to decrease by $$1,040.$

Liabilities to decrease by $$104,000$ and stockholders' equity to decrease by $$3,120.$

Liabilities to decrease by $$106,080$ and stockholders' equity to decrease by $$1,040.$

Liabilities to decrease by $$105,560.$