Question Two: At the beginning of the year, Sun Company had total assets of $1,300,000 and total liabilities of $525,000. Required: Answer the following questions viewing each situation as being independent of the others. If total assets increased $500,000 during the year, and total liabilities decreased $187,500, what is the amount of owner's equity at the end of the year? a. b. If total assets decreased $100,000 and owner's equity increased $325,000 during the (KN1:2 marks) year, what is the amount of total liabilities at the end of the year