Styles Salon had \($87,000\) of total assets and \($52,000\) of total stockholders’ equity at December 31, 2010. At December 31,2011, Styles Salon had assets totaling \($153,000\) and stockholders’ equity totaling $81,000.

After analyzing the data, answer the following questions:
1. What was the amount of the increase or decrease in liabilities?
2. Identify a possible reason for the change in liabilities during the year.