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Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2012, Inspirational has assets of $664,240 and
Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2012, Inspirational has assets of $664,240 and liabilities of $209,900. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31, 20Y2. b. Stockholders' equity as of October 31, 2013, assuming that assets increased by $104,950 and liabilities increased by $63,100 during 2073. c. Stockholders equity as of October 31, 2043, assuming that assets decreased by $52,470 and liabilities increased by $18,600 during 2073. d. Stockholders' equity as of October 31, 2013, assuming that assets Increased by $87,680 and liabilitles decreased by $33,210 during 2073. e. Net Income (or net loss) during 2043, assuming that as of October 31, 2013, assets were $836,940, liabilities were $136,170, and no additional common stock was issued or dividends pald
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