E$1-29.$ Applying the Accounting Equation and Financial Statement Articulation

Answer the following questions. $($Hint: Apply the accounting equation.$)$

a$.$ Intel Corporation had assets equal to $$123,249$ million and liabilities equal to $$54,230$ million

for a recent year$-$end. What was the total equity for Intel's business at year$-$end?

b$.$ At the beginning of a recent year, JetBlue Airways Corporation's assets were $$9,323$ million

and its equity was $$4,013$ million. During the year, assets increased $$458$ million and liabili$-$

ties decreased $$363$ million. What was its equity at the end of the year?

c$.$ At the beginning of a recent year, The Walt Disney Company's liabilities equaled $$49,637$ mil$-$

lion. During the year, assets increased by $$2,809$ million, and year$-$end assets equaled $$98,598$

million. Liabilities decreased $$4,944$ million during the year. What were its beginning and

ending amounts for equity?