At the beginning of the year, Nowak Ltd$.$ had the following amounts on its statement of financial position. Use this information to answer each of the following independent questions. s

a$)$ Nowak$$s total assets increased during the year and total liabilities decreased in the following amounts.

Increase in assets$-$ $$250000$

Decrease in liabilities$-$$$80000$

What is the amount of shareholders$$ equity at the end of the year?

Shareholders' equity, beginning of year

Shareholders' equity, end of year

b$)$ During the year, Nowak$$s total liabilities decreased. The company reported net income, sold additional shares, and did not declare any dividends during the year.

Decrease in liabilities $ $100,000$

Net income $90,000$

Issuance of shares $125,000$

What is the amount of total assets at the end of the year?

Shareholders' equity, end of year

Total assets, end of year

Total liabilities, end of year