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At the beginning of the year, QUOs liabilities equal to $70,000. During the year, assets increase by $60,000, and at year-end assets equal to $190,000.

At the beginning of the year, QUOs liabilities equal to $70,000. During the year, assets increase by $60,000, and at year-end assets equal to $190,000. Liabilities decrease by $5,000 during the year. What is the ending amounts of equity?

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