Accounting Equation John Joos is the owner and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31, 2013, Personality Shine has assets of $550,000 and abilities of $132,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2013 b. Owner's equity as of December 31, 2014, assuming that assets increased by $105,000 and abilities decreased by $32,000 during 2014