statement of financial position. Use this information to answer each of the following Independent questions. H L M N A. 10 11 Beginning of year, total assets Beginning of year, total liabilities $ 720,000 Xul's total assets increased during the year and total liabilities decreased in the following amounts. 420,000 12 " Increase in assets Decrease in liabilities $ 250,000 80,000 14 15 What is the amount of shareholders' equity at the end of the year? 16 17 18 18 30 Shareholders' equity, beginning of year $ 300,000 Shareholders' equity, end of year $ 630,000 21 22 23 24 25 26 b. During the year, Xul's total liabilities decreased. The company reported net income, sold additional shares, and did not declare any dividends during the year Decrease in liabilities $ 100,000 27 26 29 30 31 Net income Issuance of shares What is the amount of total assets at the end of the year? Shareholders' equity, end of year 90,000 125,000 $ 125,000 " M 35 Total liabilities, end of year $ 100,000 M 17 " " 40 41 41 A 4 45 46 47 " Total assets, end of year Xal's total assets decreased during the year and shareholders' equity increased Decrease in total assets Shareholders' equity increase $ 90,000 120,000 What is the amount of total liabilities at the end of the year? Total assets, end of ye Shareholders' equity, end of year T 30 31 53 31 34 Total liabilities, end of year