Accounting Equation Shannon Cook is the stockholder and operator of You're A Star LLC , a motivational consulting business. At the end of its accounting period, December 31, 20Y2, You're A Star has assets of $777,000 and liabilities of $186,000. Using the accounting equation determine the following amounts:
A. Stockholders equity as of December 31, 20Y2 .
B. Stockholders equity as of December 31, 20Y3 , assuming that assets decreased by $148,000 and Tables decreased by $45,000 during 20Y3