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Accounting Equation John Joos is the stockholder and operator of Our lool LC, a motivational consulting business. At the end of its accuinting period, December

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Accounting Equation John Joos is the stockholder and operator of Our lool LC, a motivational consulting business. At the end of its accuinting period, December J1, 20Y2, Our Ifoif has assets of $534,000 and liablites of $128,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31,20y2. b. Stockholders' equity as of December 31, 20y3, assuming that assets decreased by $101,000 and liabilities decreased by $31,000 during 20y3

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