Question: Im having trouble figuring out b and c Your answer is partially correct. At the beginning of the year, Sheridan Company had total assets of

 Im having trouble figuring out b and c Your answer is
Im having trouble figuring out b and c

Your answer is partially correct. At the beginning of the year, Sheridan Company had total assets of $804,000 and total liabilities of $334,000. Answer the following independent questions (a) If total assets increased $161.000 during the year and total liabilities decreased $84.000, what is the amount of owner's equity at the end of the year? Owner's equity 715000 (b) During the year, totalliabilities increased $130,000 and owner's equity decreased $64,000. What is the amount of total assets at the end of the year? Total assets 1184000 (c) If total assets decreased $95.000 and owner's equity increased $80,000 during the year, what is the amount of total tiabilities at the end of the year? 349000 Total liabilities

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