Brief Exercise 1-3 Your answer is partially correct. Try again. At the beginning of the year, Gilles Company had total assets of $779,000 and total liabilities of $363,000. Answer the following questions. (a) If total assets increased $145,000 during the year and total liabilities decreased $79,000, what is the amount of owner's equity at the end of the year? Owner's equity 640,000 $ (b) During the year, total liabilities increased $127,000 and owner's equity decreased $96,000. What is the amount of total assets at the end of the year? x Total assets 1,034,000 (c) If total assets decreased $81,000 and owner's equity increased $86,000 during the year, what is the amount of total liabilities at the end of the year? X Total liabilities -28,000