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Current Attempt in Progress Oriole Company is owned by Rachel Oriole. The company had total assets of $890,000 and total liabilities of $535,000 at the

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Current Attempt in Progress Oriole Company is owned by Rachel Oriole. The company had total assets of $890,000 and total liabilities of $535,000 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 $78,000. What is the amount of owner's equity at the end of the year? Owner's equity 563000 (b) Total liabilities decreased by $89,000 during the year. The company incurred a loss of $54,000. R. Oriole made an additional investment of $105,000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets 1020000 (c) Total assets increased by $61,700, and total liabilities decreased by $57,000. There were no additional owner's investments, and Oriole withdrew $49,000. What is the amount of profit or loss for the year? Profit / (Loss) $

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