Inspiring U is a motivational consulting business. At the end of its accounting period, December 31,20r2, Inspiring U has assets of $690,000 and liabisites of $375,000, Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31,20y2. b. Owner's equity as of December 31, 20y3, assuming that assets increased by $80,000 and liabilities increased by $51,500 during 2003