Terry Fleming is the owner and operator of Go-For-It LLC, a motivational consultingbusiness. At the end of itsaccountingperiod, December 31, 2018, Go-For-It hasassetsof $875,000 andliabilitiesof $210,000. Using the accounting equation, determine the following amounts:

A. Owner's equityas of December 31, 2018.

B. Owner's equity as of December 31, 2019, assuming that assets increased by $166,000 and liabilities increased by $50,000 during 2019.