Question: Blossom Enterprises' total assets decreased by ( $ 1 3 6 4 0 ) during the year. Its stockholders' equity increased by

Blossom Enterprises' total assets decreased by \(\$ 13640\) during the year. Its stockholders' equity increased by \(\$ 14880\) during the same period. Net income totaled \(\$ 9920\) during the year. What occurred to the company's total liabilities during the year? \(\$ 28520\) decrease \(\$ 1240\) increase \(\$ 38440\) decrease \(\$ 18600\) decrease

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