Answer:
Total liabilities will increase $6,020
Explanation:
If next year assets increased by $ 3,700, then asset next year = asset this year + $ 3,700
If next year equity decreased by $ 2,320, then equity next year = equity this year - $ 2,320
Total assets = Total liabilities + equity
⇔ Asset next year = liabilities next year + equity next year
⇔ Asset this year + $ 3,700 = (Liabilities this year + changed in liability) + (Equity this year - $ 2,320)
⇔ Asset this year - Liabilities this year - Equity this year = Changed in liability - $ 2,320 - $ 3,700
⇔0 = Changed in liability - $6,020
⇒ Changed in liability = $6,020
