Using the accounting equation, answer each of the following questions. 5. At the beginning of the year, Hernandez Company had total assets of 800,000 and total liabilities of 500,000. If total assets increased 150,000 during the year and total liabilities decreased 80,000, what is the amount of owner's equity at the end of the year? 6. At the beginning of the year, Clark Company had total assets of 500,000 and total liabilities of 222,000. During the year, total liabilities increased 100,000 and owner's equity decreased 70,000. What is the amount of total owner's equity at the end of the year? 7. At the beginning of the year, Hernandez Company had total assets of 800,000 and total liabilities of 500,000. If total assets decreased 80,000 and the owner's equity increased 120,000 during the year, what is the amount of total liabilities at the end of the year? 8. At the beginning of the year, Hernandez Company had total assets of 800,000 and total liabilities of 500,000. During the year, total liabilities increased 100,000 and owner's equity decreased 70,000. What is the amount of total assets at the end of the year?