3. PE.1-2 ALGO (Algorithmic) Accounting Equation Katherine Brewer is the stockholder and operator of way to Go LLC, a motivational consulting business. At the end of its accounting period, December 31, 2015, way to do to 3,000 and abilities of $198,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2015 $ b. Stockholders' equity as of December 31, 2016, assuming that assets decreased by $150,000 and abilities increased by $48,000 during 2016, 5 4. PE 3-3.Algo Guided (Algorithmic) Adjustment for Prepaid Expense The prepaid insurance account had beginning balance of $6.890 and was debited for $3,030 of premium paid during the year Journalire the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $3,080