D QUESTION 4 - 5 POINTS - SOLVING THE ACC EQUATION Use the description below and consider the ACCOUNTING EQUATION to solve. Financial Matters Company, began the year with $125,000 in liabilities and equity combined. During the year, assets increased $75,000 and liabilities increased $70,000. At year-end, the owner's claim on assets was $62,000. What were Total Liabilities at the Beginning AND End of the year