Mofro's Computer Repair Shop started the year with total assets of 270000 and total liabilities of 180000. During the year the business recorded 450000 in computer repair revenues 270000 in expenses a?

To find Mofro's equity at the end of the year, we start with the initial equity, which is total assets minus total liabilities: ( 270,000 - 180,000 = 90,000 ). During the year, the business earned ( 450,000 ) in revenues and incurred ( 270,000 ) in expenses, resulting in a net income of ( 450,000 - 270,000 = 180,000 ). Therefore, the ending equity is ( 90,000 + 180,000 = 270,000 ).