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Accounting Equation Shannon Cook is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December

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Accounting Equation Shannon Cook is the stockholder and operator of Our Idol LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Our Idol has assets of $750,000 and liabilities of $180,000. 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 decreased by $143,000 and abilities decreased by 543,000 during 2073

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