Lynn Shackelford is the stockholder and operator of Personality Shine LLC, a motivational consultingbusiness. At the end of itsaccountingperiod, December 31, 2017, Personality Shine hasassetsof $542,000 andliabilitiesof $130,000. 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 increased by $103,000 and liabilities decreased by $31,000 during 2018.

$fill in the blank 2