Use the expanded accounting equation to compute the missing financial statement amounts.

Exercise 1-9 Part a a. At the beginning of the year, Addison Company's assets are $283,000 and its equity is $212,250. During the year, assets increase $80,000 and liabilities increase $45,000. What is the equity at year-end? Assets $ Beginning Change Ending $ 283,000 80,000/= Liabilities + $ 70,750 + 45,000 + Equity 212,250 35,000 + 2. Use the expanded accounting equation to compute the missing financial statement amounts. Company Assets Liabilities + Owner, Capital + Revenues Expenses Owner, Withdrawals $ 0 1 $ $ + $ + $ 76,000/= 114,200 = 25,000 41,000 38,000 62,000 17,000 27,000 2 $ $ + $ + $ 42,000 $