Question 40 A) At the beginning of the year, Happy Company had total assets of $1,675,000 and total stockholders equity of $275,000. Total assets increased $555,000 during the year and liabilities increased $325,000 What is total equity at the end of the year? B) Summer Motorcyle Repair Shop started the year with total assets of $1,250,000, total liabilities of $735,000, and retained earnings of $225,000. During the year, the business recorded $555,000 in repair revenues, $270,000 in expenses, and the company paid dividends of $40,000. The investors did not make any additional investments during the year. Calculate total stockholders' equity reported for the year? Edit Formar Tale