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On November $1,2024,$ a company signed a $$110,000,3\%,$ six$-$month note payable with the amount borrowed plus accrued interest due six months later on May $1,2025.$ The company recorded accrued interest on December $31,2024.$ The payment of the note and interest on May $1,2025,$ causes assets to decrease by $$111,650$ and which of the following? $($Do not round your intermediate calculations.$)$

:$10$

Multiple Choice

Liabilities to decrease by $$111,650.$

Liabilities to decrease by $$112,200$ and stockholders' equity to decrease by $$1,100.$