Diego Handyman Services has total assets for the year of $20,700 and total liabilities of 58,000 Requirements 1. Use the accounting equation to solve for equity 2. If next year's assets increased by $5,000 and equity decreased by 51,740 what would be the amount of total abilities for Diego Handyman Service? Requirement 1. Use the accounting equation to solve for equity Begin by solving for the accounting equation. Then use the formula to solve for equity