Thompson Handyman Services has total assets for the year of $15,400 and total iabilities of $8,900 Requirements 1. Use the accounting equation to solve for equity 2. If next year assets increased by $4,000 and equity decreased by $1,650, what would be the amount of total liabilities for Thompson Handyman Services? Requirement 1. Use the accounting equation to solve for equity. Begin by solving for the accounting equation. Then use the The company has equity of s Requirement 2. If next year assets The company has liabilities of $ lites for Thompson Handyman Services? by $4,000 and equity decreased by $1,850, what would be the amount of 2. If next year assets increasas by $4,000 and equity decreased by $1,660, what would be the amount of total Eabilities for Thompson Handyman Services