Sid Summitt is the stockholder and operator of Galaxy LLC, a motivational consultingbusiness. At the end of itsaccountingperiod, December 31, 20Y2, Galaxy hasassetsof $900,000 andliabilitiesof $216,000. Using the accounting equation, determine the following amounts:

a. Stockholders' equityas of December 31, 20Y2.

648,000

b. Stockholders' equity as of December 31, 20Y3, assuming that assets increased by $171,000 and liabilities increased by $52,000 during 20Y3.