· On May 31, 2023, InnoTech Inc.'s balance sheet showed total assets of $1.5 million, liabilities of $1 million, and owner's equity of $500,000. During the year, the company decided to invest in a new research facility for $300,000, issued bonds worth $500,000 to raise funds, and paid off a long-term loan of $200,000. Calculate the new total assets, liabilities, and owner's equity after these transactions. Additionally, determine the percentage change in liabilities from the beginning to the end of the year.