Please help me explain these questions. I'll upvote for you. Thanks in advance.

III. Assessment: Using the accounting equation, analyze the following transactions. c. At the beginning of the year, Quaker Company has liabilities equal to $70,000. Quaker's assets increase by $60,000 during the year and at the end of the year, Quaker's assets equal $190,000. Liabilities decrease by $5,000 during the year. What are the beginning (1 pt.) and ending (1 pt.) amounts of equity? d. (1 pt.) Submit a brief (1-2 paragraphs) analysis outlining how you used the IDEAL method to solve these problems