At the beginning of the year, Ortiz Eyewear had total assets of £900,000 and total liabilities of £440,000. Answer the following questions.

a. If total assets decreased £100,000 during the year and total liabilities increased £80,000 during the year, what is the amount of equity at the end of the year?

b. During the year, total liabilities decreased £100,000 and equity increased £200,000. What is the amount of total assets at the end of the year?

c. If total assets increased £50,000 during the year and equity increased £60,000 during the year, what is the amount of total liabilities at the end of the year?