At the beginning of the year, Morales Company had total assets of $865,000 and total liabilities of $528,000. (Treat each item independently.)
(a) If total assets increased $180,000 during the year and total liabilities decreased $82,000, what is the amount of stockholders’ equity at the end of the year?
Stockholders’ equity$
(b) During the year, total liabilities increased $101,000 and stockholders’ equity decreased $72,000. What is the amount of total assets at the end of the year?
Total assets$
(c) If total assets decreased $87,000 and stockholders’ equity increased $117,000 during the year, what is the amount of total liabilities at the end of the year?
Total liabilities$
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