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At the end of its first year of operations. Shapiro's Consulting Services reported net income of $28,350. They also had account balances of: Cash. $17,050. Office Supplles, $3,200, Equipment, $24,600 and Accounts Recelvable, $8,000. The owner's total investment for this first year was $16,800 and the owner withdrew $2.210 for personal use. Calculote the ending balance to be reported on the Statement of Owner's Equity in the Owher's Capital account. Mutiple Ghoice $62200 $78,350 $45050

Q&A Education