Required information 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. At the beginning of the year, Quaker Company's liabilities equal $72,000. During the year, assets increase by $60,000, and at year end assets equal $190,000. Liabilities decrease $14,000 during the year. What are the beginning and ending amounts of equity? Equity Beginning Change Ending Assets = = 60,000 = $ 190,000 - Liabilities - $ 72,000+ (14,000) -