Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $748,000 and liabilities of $180,000. Using the accounting equation, determine the following amounts:

a. Stockholders' equity as of December 31, 20Y2.

• $$ _

b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $142,000 and liabilities decreased by $43,000 during 20Y3.

• $_