c. At the beginning of the year, Quaker Company's liabilities equal $78,000. During the year, assets Increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $6,000 during the year. What are the beginning and ending amounts of equity? Assets Equity Beginning Change Ending Llabilities $ 78,000 + (6,000) + 60,000 $ 190,000