Two different Questions :

1.At the beginning of the year, ABC Company had total assets of $700000 and total liabilities of $340000. During the year assets decreased by $90000 and liabilities increased by $70000. What was total shareholder's equity at the end of the year?

2.

Golden Hawks Inc. reported the following amounts on its statement of financial position at December 31, 2020

Accounts receivable 100000

Cash 5000

Deferred revenue 48000

Inventory 60000

Land 340000

Notes payable 40000

Retained earnings ?

Contributed capital 38000

How much was retained earnings ?