Your answer is partially correct.
At the beginning of the year, Ayayai Company had total assets of $820,000 and total liabilities of $505,000. Answer the following questions.
a) If total assets increased $150,000 during the year and total liabilities decreased $51,000, what is the amount of stockholders' equity at the end of the year?
Stockholders' equity: $519,000
b) During the year, total liabilities increased $137,000 and stockholders' equity decreased $51,000. What is the amount of total assets at the end of the year?
Total assets: $906,000
c) If total assets decreased $63,000 and stockholders' equity increased $113,000 during the year, what is the amount of total liabilities at the end of the year?
Total liabilities: $505,000