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Accounting Equation Katherine Brewer is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December

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Accounting Equation Katherine Brewer is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Personality Shine has assets of $640,000 and liabilities of $154,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012, $ b. Stockholders' equity as of December 31, 2043, assuming that assets increased by $122,000 and liabilities increased by $37,000 during 2073

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