At the beginning of the year, Crane. LTD had total assets of $590,400 and total liabilities of $344,400. Use this information to answer each fo the following independent questions.

a) If Crane's total assets increased by $205,000 during the year and total liabilities decreased by $65,600, what is the amount of shareholder's equity at the end of the year?

b) During the year, Crane's total liabilities decreased by $82,000. The company reported net income of $73,800, sold additional shares for $102,500, and did not declare any dividends during the year. What is the amount of total assets at the end of the year?