Accounting equation Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $678,000 and liabilities of $163,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. $$ 515,000 b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $129,000 and liabilities decreased by $39,000 during 2013. $ 124,000 Feedback Check My Work (a) By rewriting the accounting equation, Assets Liabilities = Stockholders' Equity, you can calculate the 20Y2 Stockholders' equity. (b) Use your calculated amount of Stockholders' equity as of December 31, 20Y2. Next, add (or subtract) the change in amounts in 20Y3 to (from) the 20Y2 Stockholders' equity to obtain the 20Y3 Stockholders' Equity amount.