Accounting Equation Brock Hahn is the owner and operator of Dream-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2015, Dream-It has assets or $780,000 and abilities of $150,000. Using the accounting equation, determine the following amounts: 2. Owner's equity as of December 31, 2015 b. Owner's equity as of December 31, 2016, assuming that assets increased by $90,000 and abilities increased by $25,000 during 2016