Required information 3 of 3 [The following Information applies to the questions displayed below.] Answer the following questions. Hint: Use the accounting equation. c. At the beginning of the year, Quaker Company's liabilities equal $69,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $15,000 during the year. What are the beginning and ending amounts of equity? Book Hint Assets Liabilities Equity Beginning 130,000 $ 69,000 S 61,000 Print Change 60,000 (15,000) erences Ending $ 190,000 $ 54,000 4 136,000