Please explain the answer step by step as Im trying to learn

Please explain the answer step by step as I\'m trying to learn. Thank you

Part B: Solve for the unknown numbers given the information provided. Element Equity, ending Assets, ending Assets, beginning Equity, beginning Change in assets during period. Liabilities, ending Liabilities, beginning Change in equity during the period. Change in liabilities duringthe period. Amount 622,069 601,069 327,856 21,000 273,213 33,400 -12,400

Solution

ending liabilities=(273213-12400)=$260813

Ending equity would be equal to

=(327856+33400)=$361256.