Answer the following questions. (Hint: Use the accounting equation.) (Omit the "$" sign in your response.) a. Office Mart has assets equal to $123,000 and liabilities equal to $53,000 at year-end. What is the total equity for Office Mart at year-end?

Answer the following questions. (Hint: Use the accounting equation.) (Omit the "$" sign in your response.)

a.	Office Mart has assets equal to $123,000 and liabilities equal to $53,000 at year-end. What is the total equity for Office Mart at year-end?

  

Total equity

$

Explanation:

Assets	=	Liabilities	+	Equity
$123,000	=	$53,000	+	$70,000