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What is the value of total liabilities at the year end

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Problem 1: The following table summarizes information about a firm's balance sheet. What is the value of Total Liabilities at the Year End 2015?

                                      Year End 2014                           Year End 2015

                                                                                                             Change between 2014 and 2015

Total Assets             $1,000,000                                  ?                                   $300,000

Total Liabilities                 ?                                         ?                                        ?

Total Shareholders' Equity   $700,000                          $900,000                                ?

Option 1: $100,000

Option 2: $600,000

Option 3: $300,000

Option 4: $400,000

Reference no: EM132615563

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