Accounting Equation

John Joos is the owner and operator of Go$-$For$-$It LLC$,$ a motivational consulting business. At the end of its accounting period, December $31,20$Y$8,$ Go$-$For$-$It has assets of $$669,000$ and liabilities of $$161,000.$ Using the accounting equation, determine the following amounts:

a$.$ Owner's equity as of December $31,20Y8.$

$s$

b$.$ Owner's equity as of December $31,20Y9,$ assuming that assets increased by $$127,000$ and liabilities increased by $$39,000$ during $20Y9.$

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