At the beginning of the year, Canon Company had total assets of $862,000and total liabilities of $600,000. Answer the following questions.

(b)During the year, total liabilities increased $120,000and stockholders' equity decreased $84,000. What is the amount of total assets at the end of the year?

(c)If total assets decreased $77,000and stockholders' equity increased $101,000during the year, what is the amount of total liabilities at the end of the year?