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Business, 12.04.2021 21:30 SucMaDongShan

Accounting Equation Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $589,060 and liabilities of $186,140. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31, 20Y2. $fill in the blank 1 b. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $93,070 and liabilities increased by $55,960 during 20Y3. $fill in the blank 2 c. Stockholders' equity as of October 31, 20Y3, assuming that assets decreased by $46,540 and liabilities increased by $16,490 during 20Y3. $fill in the blank 3 d. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $77,760 and liabilities decreased by $29,450 during 20Y3. $fill in the blank 4 e. Net income (or net loss) during 20Y3, assuming that as of October 31, 20Y3, assets were $742,220, liabilities were $120,760, and no additional common stock was issued or dividends paid. $fill in the blank 6\

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