Question: At the beginning of the year, Sandhill Company had total assets of $883,000 and total liabilities of $368,000. Answer the following questions. (a) If total

At the beginning of the year, Sandhill Company had total assets of $883,000 and total liabilities of $368,000. Answer the following questions. (a) If total assets increased $151,000 during the year and total liabilities decreased $92,000, what is the amount of owners equity at the end of the year?

(b) During the year, total liabilities increased $106,000 and owners equity decreased $55,000. What is the amount of total assets at the end of the year?

(c) If total assets decreased $84,000 and owners equity increased $96,000 during the year, what is the amount of total liabilities at the end of the year?

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