Super Fast Handyman Services has total assets for the year of $ $19$ comma $400$$$19,400$ and total liabilities of $ $9$ comma $400$$$9,400.$

Requirements

$1.$

Use the accounting equation to solve for equity.

$2.$

If next$$ year's assets increased by $ $4$ comma $200$$$4,200$ and equity decreased by $ $3$ comma $850$$$3,850,$ what would be the amount of total liabilities for Super FastSuper Fast Handyman$$ Services?

Question content area bottom

Part $1$

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

$=$

Liabilities

$+$

Equity

Part $2$

The company has equity of

$$10,000$

Part $3$

Requirement $2.$ If next$$ year's assets increased by $ $4$ comma $200$$$4,200$ and equity decreased by $ $3$ comma $850$$$3,850,$ what would be the amount of total liabilities for Super FastSuper Fast Handyman$$ Services?

The company has liabilities of