Crystal Lodging recorded $330,000 in revenues, $247,500 in e…
Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began the year with total assets of $285,000 and stockholders’ equity of $130,500. Suppose that liabilities increased by $90,000 and stockholders’ equity increased by $37,500. What would be the change in Crystal Lodging’s assets?