Handyman Services has total assets for the year of $ $18$ comma $400$ and total liabilities of $ $9$ comma $050.$

Requirements

$1.$

Use the accounting equation to solve for equity.

$2.$

If next$$ year's assets increased by $ $4$ comma $300$ and equity decreased by $ $3$ comma $850,$ what would be the amount of total liabilities for Thompson Handyman$$ Services?