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Please answer Part B. Thank you!! Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the

image text in transcribedPlease answer Part B. Thank you!!

Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. At the end of its accounting period, December 31, 2017, Personality Shine has assets of $836,000 and liabilities of $201,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31, 2017. $635,000 b. Stockholders' equity as of December 31, 2018, assuming that assets decreased by $159,000 and liabilities decreased by $48,000 during 2018 X

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