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Accounting Equation Sid Summit is the owner and operator of Go-For It LLC, a motivational consulting business. At the end of its accounting period, December

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Accounting Equation Sid Summit 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 $786,000 and liabilities of $189,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 2018 b. Owner's equity as of December 31, 2019, assuming that assets increased by $149,000 and liabilities increased by $15,000 during 2019

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