Brief Exercise 1-03 Your answer is partially correct. Try again. At the beginning of the year, Sheridan Company had total assets of $734,000 and total liabilities of $398,000. Answer the following independent questions. (a) If total assets increased $154,000 during the year and total liabilities decreased $83,000, what is the amount of owner's equity at the end of the year? 573,000 Owner's equity $1 (b) During the year, total liabilities increased $136,000 and owner's equity decreased $78,000. What is the amount of total assets at the end of the year? 456,000 Total assets (c) If total assets decreased $85,000 and owner's equity increased $94 noo during the year, what is the amount of total liabilities at the end of the-ar? 575,000 Total liabilities Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT