Question $7(1$ point$)$

On January $1,2014,$ total assets for Liftoff Technologies were $$125,000$; on

December $31,2014,$ total assets were $$145,000.$ On January $1,2014,$ total liabilities

were $$110,000$; on December $31,2014,$ total liabilities were $$115,000.$ What are the

amount of the change and the direction of the change in Liftoff Technologies

shareholders' equity for $2014?$

decrease of $$15,000$

increase of $$30,000$

increase of $$15,000$

decrease of $$30,000$