At the beginning of the year, NowandThen Company had total assets of $700,000 and total liabilities of $300,000. If total assets increased $310,000 during the year, and total liabilities decreased $200,000, what is the amount of owner's equity at the end of the year? Your Answer: Answer Question 9 (2 points) At the beginning of the year, Nowand Then Company had total assets of $700,000 and total liabilities of $300,000. During the year, total liabilities increased $320,000 and owner's equity decreased $340,000. What is the amount of total assets at the end of the year? Your Answer: