Exercise 1-10 (Algo) Using the accounting equation LO A1 Answer the following questions. Hint: Use the accounting equation. a. At the beginning of the year, Addison Company's assets are $293,000 and its equity is $219,750. During the year, assets increase $80,000 and liabilities increase $41,000. What is the equity at year-end? b. Office Store Co. has assets equal to $254,000 and liabilities equal to $223,000 at year-end. What is the equity for Office Store Co. at year-end? 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 $7,000 during the year. What are the beginning and ending amounts of equity? Complete this question by entering your answers in the tabs below. Required A Required B Required 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 $7,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities Equity Beginning 78,000+ Change Ending $ 60,000- 190,000 (7.000)