BE1-10Butler Company is owned by Rachel Butler.The company has total assets of $850,000 and total liabilities of $550,000 at the beginning of the year.Answer each of the following independent questions:

(a) During the year, total assets increased by $130,000 and total liabilities decreased by $80,000.What is the amount of owner's equity at the end of the year?

(b) Total liabilities decreased by $95,000 during the year.The company incurred a loss of $40,000.R. Butlemade an additional investment of $100,000 and made no withdrawals.What is the amount of total assets at the end of the year?

(c) Total assets increased by $45,000, and total liabilities decreased by $50,000.There were no additional owner's investments, and R. Butler withdrew $40,000.What is the amount of profit or loss for the year?

Coould you please help me to understand?