A Company's Total Liabilities Decreased by $105,000 and Its Stockholders

Multiple Choice

A company's total liabilities decreased by $105,000 and its stockholders' equity decreased by $35,000 during a period of time.By what amount and in what direction must the company's total assets have changed during that same period?

A) $140,000 increase
B) $70,000 decrease
C) $140,000 decrease
D) -$70,000 decrease