Black Keys Company began the year with owners equity of $28

Black Keys Company began the year with owner’s equity of $280,000. During the year, the company recorded revenues of $375,000, expenses of $285,000, and had owner drawings of $30,000. What was Black Keys’ owner’s equity at the end of the year?$400,000$340,000$280,000$370,000Fat Possum’s Service Shop started the year with total assets of $330,000 and total liabilities of $240,000.  During the year, the business recorded $630,000 in revenues, $420,000 in expenses, and owner drawings of $60,000. The net income reported by Fat Possum’s Service Shop for the year was$270,000.$150,000.$240,000.$210,000.If total liabilities increased by $30,000 and owner’s equity increased by $20,000 during a period of time, then total assets must change by what amount and direction during that same period?$50,000 increase$50,000 decrease$10,000 increase$10,000 decreaseCentro-matic Company began the year with owner’s equity of $30,000. During the year, Centro-matic received additional owner investments of $42,000, recorded expenses of $120,000, and had owner drawings of $8,000. If Centro-matic’s ending owner’s equity was $112,000, what was the company’s revenue for the year?$210,000$202,000$168,000$160,000If total liabilities decreased by $50,000 and owner’s equity increased by $30,000 during a period of time, then total assets must change by what amount and direction during that same period?$80,000 decrease$20,000 increase$80,000 increase$20,000 decrease