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it Exercise 1-9 Part c Int rences c. At the beginning of the year, Quaker Company's liabilities equal $49,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $18,000 during the year. What are the beginning and ending amounts of equity? Assets Liabilities Equity Beginning 49,000 + Change 60,000 (18,000) + Ending $ 190,000 Mc Graw Hill