WAS Assessment PX 0 Atps://www.wiley.com/wassessment player/medassessments/dediadada2205Steddobb21be/question/ 02:11:04 Question 5 View Policies Current Attempt in Progress Sunland Company is owned by Rachel Sunland. The company had total assets of $885,000 and total liabilities of $550.000 at the beginning of the year. Answer each of the following independent questions: (a) During the year, total assets increased by $125,000 and total liabilities decreased by $82,000. What is the amount of owner's equity at the end of the year? Owner's equity s (b) Total liabilities decreased by $87,000 during the year. The company incurred a loss of $54,000. R. Sunland made an additional investment of $102.000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets $ (c) Total assets increased by $64.100, and total liabilities decreased by $58.000. There were no additional owner's investments, and R. Sunland withdrew $45.000. What is the amount of profit or loss for the year? Profit/(Loss) 5 HE Type here to search O 440 hp WAS Assessment PX 0 Atps://www.wiley.com/wassessment player/medassessments/dediadada2205Steddobb21be/question/ 02:11:04 Question 5 View Policies Current Attempt in Progress Sunland Company is owned by Rachel Sunland. The company had total assets of $885,000 and total liabilities of $550.000 at the beginning of the year. Answer each of the following independent questions: (a) During the year, total assets increased by $125,000 and total liabilities decreased by $82,000. What is the amount of owner's equity at the end of the year? Owner's equity s (b) Total liabilities decreased by $87,000 during the year. The company incurred a loss of $54,000. R. Sunland made an additional investment of $102.000 and made no withdrawals. What is the amount of total assets at the end of the year? Total assets $ (c) Total assets increased by $64.100, and total liabilities decreased by $58.000. There were no additional owner's investments, and R. Sunland withdrew $45.000. What is the amount of profit or loss for the year? Profit/(Loss) 5 HE Type here to search O 440 hp