Seal Away Handyman Services has total assets for the year of $16,400 and total liabilities of $10,500.

Seal Away Handyman Services has total assets for the year of $16,400 and total liabilities of $10,500. Requirements 1. Use the accounting equation to solve for equity. 2. If next year assets increased by $5,000 and equity decreased by $3,500, what would be the amount of total liabilities for Seal Away Handyman Services? Requirement 1. Use the accounting equation to solve for equity. Begin by solving for the accounting equation. Then use the formula to solve for equity. The company has equity of $ Requirement 2. If next year assets increased by $5,000 and equity decreased by $3,500, what would be the amount of total liabilities for Seal Away Handyman Services? The company has liabilities of $ Seal Away Handyman Services has total assets for the year of $16,400 and total liabilities of $ Requirements 1. Use the accounting equation to solve for equity. 2. If next year assets increased by $5,000 and equity decreased by $3,500, what would be ti Services? Requirement 1. Use the accounting equation to solve for equity. Begin by solving for the accounting equation. Then use the formula to solve for equity. Assets ts increased by $5,000 and equity decreased by $3,500, wha Equity Expenses Liabilities Owner contributions Owner withdrawals Revenue