Shannon Cook is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2018, Go-For-It has assets of $812,000 and liabilities of $195,000. Using the accounting equation, determine the following amounts:

a. Owner's equity as of December 31, 2018.

$?

b. Owner's equity as of December 31, 2019, assuming that assets increased by $154,000 and liabilities increased by $47,000 during 2019. $?