Standward Companys shareholders equity section balance sheet at December 31, 2016 is shown below. Preferred shares Authorized100 shares Issued and outstanding55 shares $2,145. Common shares Authorized900 shares Issued and outstanding600 shares $1,010. Retained earnings $450. Total shareholders equity $3,605.

2. If shareholders equity increased $11,000 and assets decreased $5,000, what was the change in total liabilities?