3 Required information [The following information applies to the questions displayed below.] 3 of 3 Answer the following questions. (Hint: Use the accounting equation.) c. At the beginning of the year, Quaker Company's liabilities equal $59,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending amounts of equity? ook Assets Equity int 11 Beginning Change Ending Liabilities $ 59,000 + (18,000) + 60,000 190,000 = + $ int ences