Question 5 If total liabilities increased by $7500, then assets and stockholders' equity each increased by $3750. assets must have increased by $7500, or stockholders' equity must have decreased by $7500. stockholders' equity must have increased by $7500. assets must have decreased by $7500. Question 6 Collection of a $2400 Accounts Receivable decreases a liability $2400; increases stockholders' equity $2400. decreases an asset $2400; decreases a liability $2400. increases an asset $2400; decreases a liability $2400. increases an asset $2400; decreases an asset $2400. Question 8 Sunland's Computer Repair Shop started the year with total assets of $311000 and total liabilities of $216000. During the year, the business recorded $518000 in computer repair revenues, $323000 in expenses, and Sunland paid dividends of $50300. Stockholders' equity at the end of the year was O $195000. O $95000. O $239700. O $290000