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  3. a company began the year with assets of $111,000,

A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity...

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Accounting

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A company began the year with assets of $111,000, liabilities of $25,500, and stockholders' equity of $85,500. During the year assets increased $56,100 and stockholders' equity increased $22,200. What was the change in liabilities for the year? Increase of $78,300 Increase of $33,900 Decrease of $78,300 Decrease of $33,900

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