Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspiring U has assets of $692,000 and liabilities of $166,000. Using the accounting equation, determine the following amounts:

a. Stockholders' equity as of December 31, 20Y2. $ Fill in the blank 1

b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $131,000 and liabilities decreased by $40,000 during 20Y3. $ Fill in the blank 2