K This question. Jefferson Handyman Services has total assets for the year of $11,200 and total liabilities of $8,000. Requirements 1. Use the accounting equation to solve for equity 2. If next year assets increased by $3,500 and equity decreased by $2,940, what would be the amount of total liabilities for Jefferson Handyman Services? 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 SUB The company has equity of $ Requirement 2. If next year assets increased by $3,500 and equity decreased by $2,940, what would be the amount of total liabilities for Jefferson Handyman Services The company has liabilities of S