Accounting Equation Shannon Cook is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y8, Go-For-It has assets of $754,000 and liabilities of $181,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 20Y8. $ b. Owner's equity as of December 31, 20Y9, assuming that assets increased by $143,000 and liabilities increased by $43,000 during 20Y9.

Shannon Cook is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting perlod, December 31, 20Ys, Go-For-It has assets of 5754,000 and liablities of 5181,000 . Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31,20 rs. $ b. Owner's equity as of December 31,209, assuming that assets increased by 5143,000 and liabilities increased by 543,000 during 20 Y