APPLYING THE CONCEPTS: Putting it all together Let's put all the pieces together now. Suppose that you are analyzing Martin Company. You know that at the beginning of the year, the assets equalled $360,000 and the liabilities equalled $198,000. During the year, assets increased by $54,000 and equity increased by $83,700. The change in equity includes all increases and decreases. Further analysis reveals that the changes in equity were caused by revenues of $194,400 and expenses totaling $126,360 during the year, and additional owners' investments of $56,700 in the first half of the year. Because of your understanding of the accounting equation, you realize that distributions (withdrawals) to the owner must have also occurred during the year. However, you must determine the amount for those distributions. What is the amount of distributions made to the owner of Martin Company during the year? $ _________ Complete the equation below with amounts for the end of the year