e. Net income (or net loss) during 2043, assuming that as of October 31, 2013, assets were $1,071,260, liabilities were $174,290, and no additional common stock was issued or dividends paid. Net income Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 2082, Inspirational has assets of $850,210 and liabilities of $268,670. Using the accounting equation and considering each case independently, determine the following amounts