Can you solve this accounting equation?

"At the foundation of the year, TecSmart's liability equal $70,000. During the year, assets increased by $60,000, and at year-end they eqal $190,000. Liabilities grow less $5,000 during the year. What are the formation and climax amounts of equity?"

When I solve the problem, I draw from the formation amount of equity as $60,000 and the end as $125,000. The interactive video say the answer is $55,000 and $120,000. I've be through it three times, and win impossible to tell apart answer as I did the first time. Can you solve and narrate me if the video is right, how did you take the answer?

Answers:
Video is correct.
Assets 70 + 60 + 60 = 190. (60+60 = 120)
Liabilities 70 + 60 + 5 + 55 = 190.
Remember refusal 5 within a liability is auxiliary to existing Liability.

Hope this help.
I conjecture you are right.

Assets be $130,000 at the start of the year.
Liabilities be $65,000 at the conclude of the year.
I donno...but can you solve this?...
http://answers.yahoo.com/question/index;...

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