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What is the balance that would be reported for owner equity

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Question - The following items are taken from the financial statements of the Oriole Service for the year ending December 31, 2020:

Accounts payable $17600

Accounts receivable 11200

Accumulated depreciation - equipment 28500

Advertising expense 21400

Cash 14800

Owner's capital (1/1/20) 42300

Owner's drawings 14100

Depreciation expense 12200

Insurance expense 3100

Note payable, due 6/30/21 71100

Prepaid insurance (12-month policy) 5800

Rent expense 16800

Salaries and wages expense 31600

Service revenue 133400

Supplies 4100

Supplies expense 5900

Equipment 230000

Required - What is the balance that would be reported for owner's equity at December 31, 2020?

Reference no: EM133098978

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