John Joos is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 2012, Galaxy has assets of $736,000 and liabilities of $177,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2012. b. Stockholders equity as of December 31, 2013, assuming that assets increased by $140,000 and liabilities increased by $42,000 during 2013.