Required information [The following information applles 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 $47000. During the year, assets increase by $60,000, and at year end assets equal $190,000. Liabilities decrease $10,000 during the year. What are the beginning and ending amounts of equity? Equity Beginning Change Ending Lisbites $ 47.000 (10,000) 00.000 190,000 $