Step 1: Concept
Two matrices are equal if their corresponding elements are equal.
Step 2: Meaning
We can set up a system of linear equations by equating the elements at $(1,1)$ and $(2,2)$.
Step 3: Analysis
$x + y = 4$ and $x - y = 2$.
Adding the two equations: $2x = 6 \implies x = 3$.
Substituting $x=3$ into the first equation: $3 + y = 4 \implies y = 1$.
Step 4: Conclusion
The values are $x=3$ and $y=1$.
Final Answer: (A)