Question 4 of 15 1 1 View Policies Current Attempt in Progress At the beginning of the year, Kimball Company had total assets of $700,000 and total liabilities of $400,000. If the total assets increased $100,000 and the total liabilities decreased $80,000, what is the amount of owner's equity at the end of the year? O $480,000 O $20,000 O cannot be determined from the data given O $300,000 Save for Later Attempts: 0 of 1 used Submit Answer OMIO C A & 4 5 6 8 O y u O P g h K