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VWX Company has total assets of $1,200,000 and liabilities of $500,000. Calculate the owner's equity. Also, if the owner's equity decreased by $100,000 during the

· VWX Company has total assets of $1,200,000 and liabilities of $500,000. Calculate the owner's equity. Also, if the owner's equity decreased by $100,000 during the year, what are the total assets at the end of the year?

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