At the beginning of the year, Gilles Company had total assets of $732,000 and total liabilities of $279,000. Answer the following questions.

(a) If total assets increased $139,000 during the year and total liabilities decreased $85,000, what is the amount of owners equity at the end of the year?

(b) During the year, total liabilities increased $110,000 and owners equity decreased $71,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $80,000 and owners equity increased $84,000 during the year, what is the amount of total liabilities at the end of the year?