Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $252,000.
During the year, Hannah invested an additional $32,000 and withdrew $52,400. For the year ended December 31, Hannah's Pool Service Company reported a net income of $73,200. Prepare a statement of owner's equity for the year ended December 31.
Hannah's Pool Service Company
Statement of Owner's Equity
For the Year Ended December 31
Hannah Roberts, capital, January 1
Investment during year
Net income
Withdrawals during year
Increase in Owner's equity
Hannah Roberts, capital, December 31
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