c. At the beginning of the year, Quaker Company's liabilities equal $80,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $17,000 during the year. What are the beginning and ending amounts of equity? Equity Beginning Change Ending Assets - $ 50,000 60,000 $ 190,000 - Labilities + $ 80,000L (17,000) +