On January 2, Daniel Harrison contributed $19,600 to start his business. At the end of the year, the business had generated $29,600 in sales revenues, incurred $17,800 in operating expenses, and distributed $4,600 for Daniel to use to pay some personal expenses.
Prepare a statement of owner’s equity, assuming this is a sole proprietorship.

Prepare the owner’s equity section of the balance sheet, assuming this is a sole proprietorship.

Prepare the stockholder’s equity section of the balance sheet, assuming this is a corporation with no-par value stock.