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Problem #3: Using the accounting equation, complete the following problem by filling in the yellow highlighted cells. 10 pts. As of December 31, 2018 As

Problem #3: Using the accounting equation, complete the following problem by filling in the yellow highlighted cells. 10 pts.
As of December 31, 2018 As of December 31, 2019
Total Assets $ 1,500,000
Total Liabilities

700,000

1,400,000
Total Equity $ 800,000 $ 900,000
Ending Equity (Equity as of December 31,2019)
Beginning Equity (Equity as of December 31,2018)
Increase in Equity

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