5 of 10 View Policies Current Attempt in Progress /1 E Sunland Company is owned by Rachel Sunland. The company had total assets of $885,000 and total liabilities of $550.000 at the beginning of the year. Answer each of the following independent questions: (a) During the year, total assets increased by $125,000 and total liabilities decreased by $82.000. What is the amount of owner's equity at the end of the year? Owner's equity 5 (b) Total liabilities decreased by $87.000 during the year. The company incurred a loss of $54,000. R. Sunland made an additional investment of $102.000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets S (c) Total assets increased by 564,100, and total liabilities decreased by $58.000. There were no additional owner's investments and R Sunland withdrew $45,000 What is the amount of profit or loss for the year? 115PM Question 5 of 10 View Policies Current Attempt in Progress /1 E Sunland Company is owned by Rachel Sunland. The company had total assets of $885,000 and total liabilities of $550.000 at the beginning of the year. Answer each of the following independent questions: (a) During the year, total assets increased by $125,000 and total liabilities decreased by $82.000. What is the amount of owner's equity at the end of the year? Owner's equity 5 (b) Total liabilities decreased by $87.000 during the year. The company incurred a loss of $54,000. R. Sunland made an additional investment of $102.000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets S (c) Total assets increased by 564,100, and total liabilities decreased by $58.000. There were no additional owner's investments and R Sunland withdrew $45,000 What is the amount of profit or loss for the year? 115PM Question 5 of 10 View Policies Current Attempt in Progress /1 E Sunland Company is owned by Rachel Sunland. The company had total assets of $885,000 and total liabilities of $550.000 at the beginning of the year. Answer each of the following independent questions: (a) During the year, total assets increased by $125,000 and total liabilities decreased by $82.000. What is the amount of owner's equity at the end of the year? Owner's equity 5 (b) Total liabilities decreased by $87.000 during the year. The company incurred a loss of $54,000. R. Sunland made an additional investment of $102.000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets S (c) Total assets increased by 564,100, and total liabilities decreased by $58.000. There were no additional owner's investments and R Sunland withdrew $45,000 What is the amount of profit or loss for the year? 115PM