On January 1,2007,NWK,Inc.'s assets were $300,000 and its shareholders' equity was $140,000.During the year,assets increased $15,000 and liabilities decreased $10,000.What was the shareholders' equity on December 31,2007?

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The Answer of On January 1,2007,NWK,Inc.'s assets were $300,000 and its shareholders' equity was $140,000.During the year,assets increased $15,000 and liabilities decreased $10,000.What was the shareholders' equity on December 31,2007?