Prepare the owners equity statement for legal practice

Reference no: EM131960986

Problem

Presented below is information related to the sole proprietorship of Alice Henning, attorney.

legal service revenue-2017 $344,000
total expenses-2017 221,000
assets, January 1, 201792,000 92,000
liabilities, January 1, 2017 57,000
assets, December 31, 2017 165,000
liabilities, December 31, 2017 104,000
Drawings- 2017 ?

Prepare the 2017 owner's equity statement for Alice Henning's legal practice.

Reference no: EM131960986

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