Inspiring U is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Inspinng U has assets of $821,000 and liabilities of $197,000. Using the accounting equation, determine the following amounts:

a. Stockholders' equity as of December 31, 202.

b. Stockholders' equity as of December 31, 20Y3, assuming that assets decreased by $156,000 and liabilities decreased by $47,000 dunng 203.