Jan Petri is the stockholder and operator of Our Idol LLC, a motivational consultingbusiness. At the end of itsaccountingperiod, December 31, 2017, Our Idol hasassetsof $718,000 andliabilitiesof $172,000. Using the accounting equation, determine the following amounts:

a.Stockholders' equityas of December 31, 2017.

$fill in the blank 1

b.Stockholders' equity as of December 31, 2018, assuming that assets decreased by $136,000 and liabilities decreased by $41,000 during 2018.

$fill in the blank 2