on March 1, ABX company's assets are $120,000 and it's liabilities are $50,000. On March 5, ABX is fined $25,000 for failing emissions standards. ABX immediately pays the fine in cash. After the fine is paid, what is the amount of the equity for ABX? the photo is my attempt

Assets Liabilities Equity 70.000 $ $ $ Beginning Change Ending 120,000 25,000 = 15,000 50,000 + 25,000 + 25.000| + 0 $ $ $ 70.000 SUNSYS