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At the beginning of the year, a company had $ 1 2 4 , 0 0 0 of liabilities. During the year, assets increased by

At the beginning of the year, a company had $124,000 of liabilities. During the year, assets increased by $164,000 and at year-end the assets equaled $372,000. Liabilities decreased $24,000 during the year.
Calculate the beginning and ending values of equity.

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