Blossom Company is owned by Rachel Blossom. The company had total assets of $$855,000$ and total liabilities of $$500,000$ at the beginning of the year. Answer each of the following independent questions:

$($a$)$ During the year, total assets increased by $$121,000$ and total liabilities decreased by $$75,000.$ What is the amount of owner's equity at the end of the year?Owner's equity $

$($b$)$ Total liabilities decreased by $$85,000$ during the year. The company incurred a loss of $$53,000.$ R$.$ Blossom made an additional investment of $$95,000$ and made no withdrawals. What is the amount of total assets at the end of the year?

Total assets $