1) At the beginning of the year, XYZ Company had total assets of $450,000 and total liabilities of $200,000. Answer the following questions viewing each situation as being independent of the others. (3 marks) (1) If total assets increased $200,000 during the year, and total liabilities decreased $75,000, what is the amount of equity at the end of the year? (2) During the year, total liabilities increased $230,000 and equity decreased $90,000. What is the amount of total assets at the end of the year? (3) If total assets decreased $40,000 and equity increased $130,000 during the year, what is the amount of total liabilities at the end of the year