Accounting Equation Sid Summitt 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 $627,000 and abilities of $150,000. 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, 2099, assuming that assets increased by $119,000 and liabilitles increased by $36,000 during 2049. 2