Jan Petri is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $593,000 and liabilities of $142,000. 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 decreased by $113,000 and liabilities decreased by $34,000 during 20Y3. $fill in the blank 2