Required Information 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 $70,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equlty? Assets Equity Beginning Change Ending Liabilities $ 70,000 (5,000) + 60,000 - 190,000 = $