1-19 (similar to) Moto) HW Score: 0%, 0 Question Hels Answer these questions about two companies: 1. Sapphire Limited began the year with total liabilities of $170,000 and total shareholders' equity of $360,000. During the year, total assets increased by 14%. Hu much are total assets at the end of the year? 2. Worldwide Associates began a year with total assets of $700,000 and total liabilities of $246,000. Net income for the year was $95,000 and no dividends were paid. How much is shareholders' equity at the end of the year? Requirement 1. Sapphire Limited began the year with total liabilities of $170,000 and total shareholders' equity of $360,000. During the year, total assets increased by 14%. How much are total assets at the end of the year? First compute Sapphire Companies Limited's total assets at the beginning of the year, The total assets at the beginning of the year for Sapphire Limited were | Enter your answer in the answer box and then click Check