Current Attempt in Progress Your answer is incorrect. At the beginning of the year, Blossom Company had total assets of $700,000 and total liabilities of $200,000. Answer the following independent questions (a) If total assets increased $120,000 during the year and total liabilities decreased $50,000, what is the amount of owner's equity at the end of the year? $ Owner's equity (b) During the year,total liabilities increased $100,000 and owner's equity decreased $50,000. What is the amount of total assets at the end of the year? Total assets lch if total assets decreased 579,000 and owner's equity increased $79,000 during the year, what is the amount of total abilities at the end of the year? Total Habilities eTextbook and Media Attempts: 1 of 3 used Surat AWE Save for Later Last saved 16 hours ago Saved work will be auto submitted on the due date. Auto- Submission can take up to 10 minutes