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Please explain how the answer was obtained using the accounting equation. Assets = Liabilities +...

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Accounting

Please explain how the answer was obtained using the accounting equation. Assets = Liabilities + Equityimage

During 2021, Wong &Chuck Company's assets increased $95,500 and the liabilities decreased $17,300. Wong &Chuck Company's shareholders' equity at December 31, 2021 was $211,500. What was its shareholders' equity at January 1, 2021? VA. $98.700 B. $324,300 C. $133,300 D. $289,700

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