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Answer the following questions. (Hint: Use the accounting equation.) 0.03 points Exercise 1-9 Part c c. At the beginning of the year, Quaker Company's liabilities equal $41,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $9,000 during the year. What are the beginning and ending amounts of equity? x Answer is complete but not entirely correct. Assets Liabilities Equity Beginning $ 101,QA0 X = S 41,000 $ 60,000 X Change 60,000 9,000 69,000 Ending 190,000 32,000 + $ 129,000 X Mc Graw Hill