a) At the beginning of the year, Cedar Company had total assets of $2,525,000 and total stockholders' equity of $350,000. Total assets increased $725,000 during the year and liabilities increased $475,000. Total Equity at the end of the year was: b) Laurel's Motorcyle Repair Shop started the year with total assets of $2,550,000, total liabilities of $1,750,000, and retained earnings of $325,000. During the year, the business recorded $725,000 in repair revenues, $570,000 in expenses, and the company paid dividends of $25,000. The investors did not make any additional investments during the year. Total Stockholders' equity reported for the year was: REQUIRED: Answer each of the above two questions independently. SHOW WORK. 2 points each. a) Total Equity for Cedar Company at the end of the year was: b) Total Stockholders' equity reported by Laurel's Bike Repair Shop for the year was