Question $11(1$ point$)$

$2$

$3$

Comparison of the balance sheet of Company $x$ at the end of year $2$ with its balance sheet at the end of year $1$ showed that total assets had decreased by $$12,500$ and owner's equity had decreased by $$3,500.$ The change in liabilities during the year

$5$

$6$

was:

a decrease of $$9,000$

an increase of $$16,000.$

$11,12$

a decrease of $$16,000.$

an increase of $$9,000.$