Assignment Score: 0.00% Email Instructor t for Grading Save Exit Submit Questions 3Cor 1. 2. 3. nerstone Exercise 1-15 Question 1 of 11 Check My Work (3 remaining) eBook Cornerstone Exercise 1-15 Using the Accounting Equation At the beginning of the year, Morgan Company had total assets of $425,000 and total liabilities of 5. 6. O $260,000. O Required: Use the fundamental acctngeqation to answer the following independent questions: 1. What is total stockholders' equity at the beginning of the year? 8. 10. 2. If, during the year, total assets increased by $73,000 and total liabilities increased by $32,000, what is the amount of total stockholders' equity at the end of the year? O 3. If, during the year, total assets decreased by $52,000 and total stockholders' equity increased by $35,000, what is the amount of total liabilities at the end of the year? 4. If, during the year, total liabilities increased by $85,000 and total stockholders' equity decreased by $73,000, what is the amount of total assets at the end of the year? Check My Work (3 remaining) Icon Key 3Cornerstone Exercise 1-15 Question 1 of 11 Email Instructor Save Exit Submit Assignment for Grading