Answer the following questions. Hint: Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $298,000 and its equity is $223,500. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at year-end? b. Office Store Company has assets equal to $155,000 and liabilities equal to $116,000 at year-end. What is the equity for Office Store Company at year-end? c. At the beginning of the year, Quaker Company's liabilities equal $68,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $6,000 during the year. What are the beginning and ending amounts of equity?

	Assets	=	Liabilities	+	Equity
Beginning	$298,000	=		+	$223,500
Change	80,000	=	55,000	+
Ending		=		+

Assets	=	Liabilities	+	Equity
$155,000	=	$116,000	+

Assets	=	Liabilities	+	Equity
Beginning		=	$68,000	+
Change	60,000	=	(6,000)	+
Ending	$190,000	=		+