Business, 06.06.2020 16:59, oscargonzalez1991
Accounting Equation Katherine Brewer is the stockholder and operator of Galaxy LLC, a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Galaxy has assets of $857,000 and liabilities of $206,000. 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 $163,000 and liabilities decreased by $49,000 during 20Y3. $
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