At the beginning of the year Sielert Company had total assets of $800000 and tot

At the beginning of the year Sielert Company had total assets of $800000 and total liabilities of $300000. Answer the following questions:a) If total assets increased $150000 during the year and total liabilities decreased $80000 what is the amount of owners equity at the end of the year?(b) During the year total liabilities increased $100000 and owners equity decreased $70000. What is the amount of total assets at the end of the year?(c) If total assets decreased $80000 and owners equity increased $120000 during the year what is the amount of total liabilities at the end of the year?