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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 $631,000 and llablities 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 $631,000 and llablities of $151,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31,20Y2. $5 x b. Stockholders' equity as of December 31,20Y3, assuming that assets increased by $120,000 and liabilities increased by $36,000 during 20Y3

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