At the beginning of the year, Quaker Company's liabilities equal $76,000. 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? Beginning Change Ending Assets 60,000 = $ 190,000 = Liabilities + 76,000 + (18,000) + $ + Equity

At the beginning of the year, Quaker Company's liabilities equal $76,000. 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