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Part $1$

Eager BeaverEager$$Beaver

started

$20242024$

with total assets of

$ $16$ comma $000$$$16,000$

and total liabilities of

$ $11$ comma $000$$$11,000.$

At the end of

$20242024,$

Eager Beaver'sEager$$Beaver$\text{'}$s

total assets stood at

$ $23$ comma $000$$$23,000$

and total liabilities were

$ $10$ comma $000$$$10,000.$

Requirements

$1.$Did the$$ owner's equity of

Eager BeaverEager$$Beaver

increase or decrease during

$20242024?$

By how$$ much?

$2.$Identify the four possible reasons that$$ owner's equity can change.