1.  Using the accounting equation, answer the following questions. 
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3. a. At the beginning of the year, Addison Company's assets are $194,000 and its equity is $145,500. During the year, assets increase $80,000 and liabilities increase $55,000. 
4. What is the equity at year-end?
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6. b. Office Store Company has assets equal to $118,000 and liabilities equal to $80,000 at year-end. 
7. What is the equity for Office Store Company at year-end?
8. 
   
9. c. At the beginning of the year, Quaker Company's liabilities equal $50,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $12,000 during the year. 
10. What are the beginning and ending amounts of equity?