At the beginning of the year, Craig Company's liabilities equal $72,000. During the year, assets increase by $98,000, and at year-end assets equal $245,000. Liabilities decrease by $14,000 during the year. What is the beginning and ending amounts of equity?
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At the beginning of the year, Craig Company's liabilities equal $72,000. During the year, assets increase by $98,000, and at year-end assets equal $245,000. Liabilities decrease by $14,000 during the year. What is the beginning and ending amounts of equity?
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