If During the Current Year,liabilities of Corbett's Store Increased by $220,000

Multiple Choice

If during the current year,liabilities of Corbett's Store increased by $220,000 and owners' equity increased by $160,000,then:

A) Assets at the end of the year total $380,000.
B) Assets at the end of the year total $60,000.
C) Assets increased during the year by $380,000.
D) Assets decreased during the year by $60,000.