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Widget Inc.'s balance sheet on June 30, 2023, displayed total assets of $800,000, liabilities of $400,000, and owner's equity of $400,000. During the year, the
ยท Widget Inc.'s balance sheet on June 30, 2023, displayed total assets of $800,000, liabilities of $400,000, and owner's equity of $400,000. During the year, the company invested in research and development activities costing $100,000, issued new shares worth $200,000 to raise funds, and paid off a short-term loan of $50,000. Calculate the new total assets, liabilities, and owner's equity after these transactions. Additionally, determine the percentage change in owner's equity from the beginning to the end of the year.
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