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At the beginning of the year, Quaker Companys liabilities equal $53,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities

At the beginning of the year, Quaker Companys liabilities equal $53,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity?

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