Alec's Designs started business in 2018 with total assets of $44,000 and total liabilities of $26,000. At the end of 2018, Alec's Designs' total assets were $42,000 and total liabilities were $8,000. After analyzing the data, answer the following questions: 1. What was the amount of the increase or decrease in stockholders' equity? 2. Identify two possible reasons for the change in stockholders' equity during the year.

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