c. At the beginning of the year, Quaker Company's liabilities equal $75,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $16,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities Equity Beginning = $ 75,000 + (16,000) + Change 60,000 = Ending $ 190,000 = +