Chapter 10, Problem 14MCQ

I am trying to find the accurate solution to this financial accounting problem with the correct explanation.

hou much is summit owners equity ??

BradleyCore Ltd. is a leadership training firm. At the end of its accounting period, December 31, 2021, BradleyCore had assets of $928,500 and liabilities of $312,700. Determine the stockholders' equity as of December 31, 2022, assuming that assets decreased by $76,200 and liabilities increased by $42,300 during 2022.