Questions. beginning of the year, Cullumber Company had total assets of $796,000 and total liabilities of $221,000. Answer the fallowing questions. (a) If total assets increased $127,000 during the year and total llabilities decreosed $60,000, what is the amounit of owner's equityat: the end of the year? Owner's equity $ (b) During the year, total liabilities increased $100,000 and owner's eqilly decressel $83,000 What Qehe ampunt of totar assetsat the end of theyear? Asset