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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

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

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