imp in Progress At the beginning of the year, Blossom Ltd. had total assets of $892.800 and total abilities of $520,800. Use this Information to answer each of the following Independent questions (a) Your answer le correct Blossom's total assets Increased by $310,000 during the year and total abilities decreased by 599,200, what is the amount of shareholders' equity at the end of the year? Shareholders' equity s eTextbook and Media B 781300 Attempts: 1 of 3 used Your answer is correct. During the year, Blossoms total abilities decreased by $124,000. The company reported net Income of $111,600 sold additional shares for $155,000, and did not declare any dividends during the year. What is the amount of total assets at the end of the year? Assets $ eTextbook and Media P 1038400 Attempts: 1 of 3 used Your answer is incorrect If Blossom's total assets decreased by $111,600 during the year and shareholders equity Increased by $148.800, what is the amount of total abilities at the end of the year? eTextbook and Media Attempts: 2 of 3used