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Amoto Auto Service started 2016 with total assets of $17,000 and total liabilities of $6,000. At the end of 2016, Amoco's total assets stood at

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Amoto Auto Service started 2016 with total assets of $17,000 and total liabilities of $6,000. At the end of 2016, Amoco's total assets stood at $21,000 and total liabilities were $2.000 Requirements 1. Did the owner's equity of Amoco Auto Service increase or decrease during 2016? By how much? 2. Identify the four possible reasons that owner's equity can change Requirement 1. Did the owner's equity of Amoco Auto Service increase or decrease during 2016? By how much? The owner's equity during the year by $

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