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At the beginning of the year, Addison Company's assets are $218,000 and its equity is $163,500. During the year, assets increase $80,000 and liabilities increase

At the beginning of the year, Addison Company's assets are $218,000 and its equity is $163,500. During the year, assets increase $80,000 and liabilities increase $57,000. What is the equity at the end of the year?

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