the following table shows the assets and liabilities of the chang family in 2007 and 2008.\n|2007|2008|\n|--|…

the following table shows the assets and liabilities of the chang family in 2007 and 2008.\n|2007|2008|\n|--|--| \n|home valued at $315,000|home valued at $325,000|\n|mortgage of $265,000|mortgage of $240,000|\n|car valued at $10,000|car valued at $6,000|\n|car loan of $5,000|car loan of $1,000|\n|savings of $2,000|credit card debt of $1,500|\nbased on the table, which of the following is true?\n a. from 2007 to 2008, both assets and liabilities decreased.\n b. from 2007 to 2008, both assets and liabilities increased.\n c. from 2007 to 2008, assets decreased and liabilities increased.\n d. from 2007 to 2008, assets increased and liabilities decreased.

Answer