On January 1, 2019, a company's assets were $300,000 and its shareholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the shareholders' equity on December 31, 2019?

On January 1,2019 , a company's assets were $300,000 and its shareholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the shareholders' equity on December 31, 2019