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Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October...

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Accounting

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Inspirational Inc. is a motivational consulting business. At the end of its accounting period, October 31, 20Y2, Inspirational has assets of $655,510 and liabilities of $207,140. Using the accounting equation and considering each case independently, determine the following amounts: a. Stockholders' equity as of October 31, 20Y2. b. Stockholders' equity as of October 31, 2013, assuming that assets increased by $103,570 and liabilities increased by $62,270 during 20Y3. c. Stockholders' equity as of October 31, 2013, assuming that assets decreased by $51,790 and liabilities increased by $18,350 during 20Y3. d. Stockholders' equity as of October 31, 20Y3, assuming that assets increased by $86,530 and liabilities decreased by $32,780 during 20Y3. e. Net income (or net loss) during 20Y3, assuming that as of October 31, 2043, assets were $825,940, liabilities were $134,380, and no additional common stock was issued or dividends paid

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