The equity for the provided information as of December 31 is $ 311,000.
As we know Liabilities are the amounts to others whereas Assets are the items controlled and owned by the particular company and Equity refers to accumulated earnings and contributed capital.
So the basic equation we refer to for calculating the equity is
Assets = Liabilities + Equity
As we are provided that,
liabilities $ 148,000
cash 64,000
equipment 213,000
buildings 182,000
So,
the total assets ( sum of cash, equipment, and buildings ) are $459000.
Referring the equation, the equity = Assets - liabilities
= 4590000-148000
= 3110000
The desired equity is $311,000.
To know more about equity, asset and liabilities refer to the link https://brainly.com/question/15572405?referrer=searchResults
#SPJ4
