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Lynn Shackelford is the stockholder and operator of Personality Shine LLC , a motivational consulting business. At the end of its accounting period, December 3

Lynn Shackelford is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31,20Y2, Personality Shine has assets of $781,000 and liabilities of $187,000. Using the accounting equation, determine the following amounts:Stockholders' equity as of December 31,20Y3, assuming that assets decreased by $148,000 and liabilities decreased by $45,000 during 20Y3.

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