At the beginning of the year, Nowak Ltd $$had the following amounts on its statement of financial position. Beginning of the year, total assets $$720,000,$ beginning of the year, total liabilities $$420,000.$Nowak's

total assets increased during the year, and total liabilities decreased in the following amounts.

Increase in assets$-$ $$250,000$

Decrease in liabilities$-$ $$80,000$

What is the amount of shareholders equity at the end of the year?

Shareholders' equity, beginning of year

Shareholders' equity, end of year

b$)$

$$During the year, Nowak's total liabilities decreased. The company reported net income, sold additional shares, and did not declare any dividends during the year.

Decrease in liabilities $ $100,000$

$$

Net income $$90,000$

$$

Issuance of shares $$125,000$

$$

What is the amount of total assets at the end of the year?

Shareholders' equity, end of year

Total assets, end of year

Total liabilities, end of year

c$)$

$$Nowak$\text{'}$s total assets decreased during the year and shareholders' equity increased. Decrease in total assets $ $90,000$

$$Shareholders$\text{'}$ equity increase $$120,000$

$$What is the amount of total liabilities at the end of the year?

Total assets, end of year

Shareholders' equity, end of year

Total liabilities, end of yea