Terry Fleming 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 $694,000 and liabilities of $167,000. Using the accounting equation, determine the following amounts: a. Owner's equity as of December 31, 20Y8. b. Owner's equity as of December 31, 2019, assuming that assets increased by $132,000 and liabilities increased by $40,000 during 2019, Terry Fleming is the owner and operator of Go-For-It LLC, a motivational consulting business. At the end of its accounting period, December 31, 2088, Go For It has assets of $694,000 and abilities of $167,000. Using the accounting equation, determine the following amounts: 2. Owner's equity as of December 31, 20Y8. b. Owner's equity as of December 31, 2019, assuming that assets increased by $132,000 and abilities increased by $40,000 during 2009