c. At the beginning of the year, Quaker Company's liabilities equal $48,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity? 3 Answer is not complete Assets Liabilities Equity Beginning s 130,000 48,000 60,000 Change 60,000F (5,000)+ Ending $ 190,000 65,000 1 125,000