Question 1 6 pts Answer each of the following two questions independently: a) At the beginning of the year. Cabbage Company had total assets of $2,250,000 and total stockholders' equity of $575.000. Total assets increased $325.000 during the year and liabilities increased $275,000, REQUIRED: Calculate Total Equity at the end of the year. b) Com Bike Repair Shop started the year with total assets of $1.570,000 total liabilities of $975,000, and retained earnings of $250,000. During the year, the business recorded $550,000 in repair revenues, $375,000 in expenses, and the company paid dividends of $30,000. The investors did not make any additional Investments during the year. REQUIRED: Calculate Total Stockholders' equity reported for the year