Accounting Equation Katherine Brewer is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go- For-It has assets of $867,000 and liabilities of $208,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2018. 659,000 b. Owner's equity as of December 31, 2019, assuming that assets increased by $165,000 and liabilities increased by $50,000 during 2019 115,000