started

$20252025$

with total assets of

$ $24$ comma $000$$$24,000$

and total liabilities of

$ $7$ comma $000$$$7,000.$

At the end of

$20252025,$

Total Auto ShopTotal$$Auto$$Shop$\text{'}$s

total assets stood at

$ $17$ comma $000$$$17,000$

and total liabilities were

$ $8$ comma $000$$$8,000.$

Requirements

Did the$$ stockholders' equity of

Total Auto ShopTotal$$Auto$$Shop

increase or decrease during

$20252025?$

By how$$ much?

Identify the four possible reasons that$$ stockholders' equity can change.

Question content area bottom

Part $1$

Requirement $1.$ Did the$$ stockholders' equity of

Total Auto ShopTotal$$Auto$$Shop

increase or decrease during

$20252025?$

By how$$ much? $($Enter a decrease with a minus sign or$$ parentheses.$)$

Increase $($decrease$)$ in stockholders' equity during the year $=$

$$(8,000)$

Part $2$

Requirement $2.$ Identify the four possible reasons that$$ stockholders' equity can change.

$$Stockholders$\text{'}$ equity can increase$$ through:

$$

$$

$$and$/$or

$$

$$

$.$

$$Stockholders$\text{'}$ equity can decrease through

$$

$$

$$and$/$or

$$

$$

borrowing money

issuance of common stock

net income

net loss

paying a liability

purchasing assets for cash

purchasing assets on account

$.$