Jones Company: Analyze the accounting equation for another business, Jones Company. Assume that the assets are $54,000 and the liabilities are $21,600. By rearranging the accounting equation, you determine that owner's equity is $ 32,400. During the year, the owner invested an additional $4,000 in the business. The company also paid off $2,500 of its debt. What would the accounting equation look like at the end of the year for Jones Company? Enter the updated amounts for Jones' accounting equation below.