St Clair Motor Supplies Had the Following Transactions During December $\bullet$

Multiple Choice

St. Clair Motor Supplies had the following transactions during December:
$\bullet$ Paid a note of $17,000 owed since March plus $425 for interest.
$\bullet$ Sold $36,525 of merchandise to customers on account. Cost of goods sold was $21,250.
$\bullet$ Paid accounts payable of $2,050.
As a result of these transactions, at year-end, liabilities and stockholders' equity would show a total:

A) Decrease by $4,575
B) Decrease by $4,200
C) Decrease by $4,800
D) Increase by $13,425