Accounting Equation

Katherine Brewer is the owner and operator of Go-For-It LLC, a motivational consultingbusiness. At the end of itsaccountingperiod, December 31, 2018, Go-For-It hasassetsof $762,000 andliabilitiesof $183,000. Using the accounting equation, determine the following amounts:

a.Owner's equityas of December 31, 2018.

$___________

b.Owner's equity as of December 31, 2019, assuming that assets increased by $145,000 and liabilities increased by $44,000 during 2019.

$___________