Please answer the following questions

Chapter 1 Test ( 'I of 5 [0 complete) 7 Kenmore Handyman Services has total assets for the year of $15.40!} and total liabilities of $9.360. Requirements 1. Use the accounting equation to solve for equity. 2. If next year's assets increased by 33.700 and equity decreased by $23 20. what would be the amount of total liabilities for Kenmore Handyman Services? 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 l:l = :l + l:l The company has equity of :I Requirement 2. If next year's assets increased by $3,700 and equity decreased by $2.32!). what would be the amount of total liabilities for Kenmore Handyman Services? The company has liabilities of I:]