Brief Exercise 1-9

At the beginning of the year, Morales Company had total assets of $864,000 and total liabilities of $523,000. (Treat each item independently.) (a) If total assets increased $156,000 during the year and total liabilities decreased $86,000, what is the amount of stockholders equity at the end of the year?

Stockholders equity		$enter a dollar amount

(b) During the year, total liabilities increased $91,000 and stockholders equity decreased $77,000. What is the amount of total assets at the end of the year?

Total assets		$enter a dollar amount

(c) If total assets decreased $90,000 and stockholders equity increased $103,000 during the year, what is the amount of total liabilities at the end of the year?

Total liabilities		$enter a dollar amount