At the beginning of the year, Addison Company's assets are $236,000 and its equity is $177,000. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at year-end?
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At the beginning of the year, Addison Company's assets are $236,000 and its equity is $177,000. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at year-end?
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