K18 x fx AB C D E Formula: Add, Subtract, Multiply, Cell Referencing BE18 Using Excel to Determine Accounting Equation Amounts PROBLEM At the beginning of the year, Xal Lad had the following amounts on its statement of 7financial position. Use this information to answer each of the following " 10 11 32 13 34 15 16 17 19 20 21 22 21 24 Independent questions Beginning of year, tetal assets Beginning of year, tal abilities $720,000 420,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem and work area as indicated a. Xul's total assets increased during the year and total liabilities decreased in the following amounts Increase in assets Decrease in liabilities S 250,000 80,000 What is the amount of shareholders' equity at the end of the year? Shareholders' equity, beginning of year Shareholders' equity, end of year During the year, Xul's total liabilities decreased. The company reported net income, sold additional shares, and did not declare any dividends during the 25 26 27 28 29 30 31 32 34 36 137 18 " 41 42 43 44 45 46 47 148 " year. Decrease in liabilities Net income Issuance of shares $ 100,000 90,000 125,000 What is the amount of total assets at the end of the year? Shareholders' equity, end of year Total liabilities, end of year Total assets, end of year Xul's total assets decreased during the year and shareholders' equity increased. Decrease in total s Shareholders' equity increase What is the amount of total liabilities at the end of the year? Total assets, end of year Shareholders' equity, end of year Total liabilities, end of year $ 90,000 120,000 N M N