Sunlight, Inc. had the following assets and liabilities as of September 30 20X8: Assets $60,600 Liabilities $27,500 If assets increased by $4,350 and equity increased by $2,900 during October, what is the increase or decrease in liabilities of Sunlight as of October 31, 20X8? Oa. $7,250 Ob. ($1,450) Oc. ($7,250) Od. $1,450 A