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Hey guys, be nice please.

Sheesh.... i was just trying to help

No you weren't.

Now, Tania, the equation you want here is Assets-Liabilities =Equity

So I have to subtract, correct?

yes. so first you want to find L1, the liabilities from the first year

How did you get $38,000?

That's +80,000 (assets) minus 42,000 (liabilities).

Oh ok, I thini I got it, thanks.