We are here to search for errors in each of the answer boxes. As of the end of the year, the company has a net income of $110,000. Worldwide Associates' shareholders' equity at the beginning of the year and assets at the end of the year are $33,450. During the year, the total assets increased by 23%. Now, let's calculate Worldwide Associates' total assets at the beginning of the year. The assets at the beginning of the year for Garmet Limited were $515,000. Compute Garmet Companies Limited's total assets at the beginning of the year. On 31st December, the total assets were $110,000 and no.