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On December 31, 2023, Nova Corporation's balance sheet showed total assets of $1.2 million, liabilities of $600,000, and owner's equity of $600,000. During the year,

ยท On December 31, 2023, Nova Corporation's balance sheet showed total assets of $1.2 million, liabilities of $600,000, and owner's equity of $600,000. During the year, the company acquired a patent for $200,000, issued new shares worth $300,000 to raise capital, and paid off a long-term loan of $100,000. Calculate the new total assets, liabilities, and owner's equity after these transactions. Additionally, determine the percentage change in owner's equity from the beginning to the end of the year.

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