At the beginning of the year, Morales Company had total assets of $817,000 and total liabilities of $565,000. (Treat each item independently.)
(a) If total assets increased $177,000 during the year and total liabilities decreased $85,000, what is the amount of stockholders’ equity at the end of the year?
(b) During the year, total liabilities increased $94,000 and stockholders’ equity decreased $79,000. What is the amount of total assets at the end of the year?
(c) If total assets decreased $81,000 and stockholders’ equity increased $108,000 during the year, what is the amount of total liabilities at the end of the year?