Brock Hahn is the owner and operator of Dream$-$It

LLC$,$ a motivational consulting business. At the end of its accounting period, December $31,2015,$ Dream$-$It Using the accounting equation, determine the following amounts:

has assets of $$780,000$ and liabilities of $$150,000.$

a$.$ Owner's equity as of December $31,2015.$

b$.$ Owner's equity as of Decembe $31,2016,$

assuming that assets increased by $$90,000$ and liabilities increased by $$25,000$ during $2016.$

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