PLG Plumbing and Heating reported the following assets and liabilities for the period ended 2022. What is the total equity for the period? ï¿¡67,300 ï¿¡32,500 E67,600 ï¿¡10,300 ï¿¡1,500 ï¿¡38,800 E6,300 E28,500

## Step 1: From the table, we can add up all the assets and the liabilities to get the total assets and total liabilities, respectively. ## Step 2: Next, using the accounting equation, we know: ** ### **Substitute the values we have:\( Equity = £ 38,800 (Total \, Assets) - £ 28,500 (Total \, Liabilities) = £ 10,300 \)