At the beginning of the year, Sielert Company had total assets of $800,000 and total liabilities of $300,000. Answer the following...

At the beginning of the year, Sielert Company had total assets of $800,000 and total liabilities of $300,000. Answer the following questions.

 If total assets increased $150,000 during the year and total liabilities decreased $80,000, what is the amount of owner’s equity at the end of the year?