Instructions Answer the following questions viewing each situation as being independent of the others: a) If total assets increased $250,000 during the year, and total liabilities decreased $100,000, what is the amount of owner's equity at the end of the year? b) During the year, total liabilities increased $340,000 and owner's equity decreased $130,000. What is the amount of total assets at the end of the year? c) If total assets decreased $60,000 and owner's equity increased $190,000 during the year, what is the amount of total liabilities at the end of the year?