At the beginning of the year, Giles Company had total assets of 746,000 and total liabilities of 361,000.
1.) If total assets increased $166,000 during the year and total liabilities decreased 84,000, what is the amount of owners equity at the end of the year?
2.) During the year, total liablities increased $120,000 and owners equity decreased 91,000. What is the amount of total assets at the end of the year?
3.) If total assets decreased $88,000 and owners equity increased $97,000 during the year, what is the amount of total liabilities at the end of the year?