Seal Away Handyman Services has total assets for the year of $$19,400$ and total liabilities of $$8,680.$

Requirements

Use the accounting equation to solve for equity.

If next year's assets increased by $$5,000$ and equity decreased by $$1,650,$ what would be the amount of total liabilities for Seal Away Handyman Services? use the formula to solve for equity.

$=$

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The company has equity of

Requirement $2.$ If next year's assets increased by $$5,000$ and equity decreased by $$1,650,$ what would be the amount of total liabilities for Seal Away Handyman Services?

The company has liabilities of