Answer:
The assets should have increased by 34,000 during the same period.
Explanation:
Considering the accounting equation as follows:
Assets = Liabilities + Equity
and given the information that:
liabilities + 55,000
equity - 21,000
net change in the right side: 34,000
[tex]assets = +55,000 - 21,000 \\assets = +34,000[/tex]
The assets should have increased by 34,000 during the same period.
