2. Use the accounting equation to answer each of the independent questions that follow: (a) At the beginning of the year, Nile Company assets were Birr 75,000 and its owner's equity was Birr 38,000. During the year, assets increased by Birr 18,000 and liabilities increased by Birr 4,000. What was the owner's equity at the end of the year? (b) At the beginning of the year, Green Industries had liabilities of Birr 44,000 and owner's equity of Birr 66,000. If assets increased by Birr 10,000 and liabilities decreased by Birr 5,000, what was the owner's equity at the end of the year?