I just need help with part C. I've continuously worked it outand I keep getting 81,000 but it keeps telling me its wrong.
At the beginning of the year, Morales Company had total assetsof $834,000 and total liabilities of $546,000. (Treat each itemindependently.)
(a) If total assets increased $177,000 during the year and totalliabilities decreased $86,000, what is the amount of stockholdersâequity at the end of the year?
Stockholdersâ equity $551,000
(b) During the year, total liabilities increased $104,000 andstockholdersâ equity decreased by $60,000. What is the amount oftotal assets at the end of the year?
Total assets $878,000
(c) If total assets decreased $82,000 and stockholdersâ equityincreased $120,000 during the year, what is the amount of totalliabilities at the end of the year?
Total liabilities $81,000