9 Required Informatlon Exercise 1-9 Using the accounting equation LO A1 The following information applies to the questions displayed below. Answer the following questions. (Hint: Use the accounting equation.) Exercise 1-9 Part c c. At the beginning of the year, Quaker Company's liabilities equal $53,000. During the year, assets increase by $60,000, and at year- end assets equal $190,000. Liabilities decrease $15,000 during the year. What are the beginning and ending amounts of equity? AssetsL Liabilities+ Equity 53,000+ Beginning 60,0001 = (15,000) + Change Ending $ 190,000