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At the beginning of the year, Pharoah Plumbers had total assets of 8 7 1 , 0 0 0 and total liabilities of 2 2

At the beginning of the year, Pharoah Plumbers had total assets of 871,000 and total liabilities of 224,000. Answer the following
independent questions.
(a) If total assets increased 144,000 during the year and total liabilities decreased 71,000, what is the amount of equity at the end
of the year?
Equity lon
(b) During the year, total liabilities increased 128,000 and equity decreased 65,000. What is the amount of total assets at the end of
the year?
Total assets
(c) If total assets decreased 85,000 and equity increased 84,000 during the year, what is the amount of total liabilities at the end of
the year?
Total liabilities
lon
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