Question: Following is selected financial information for Kasio Co. for the year ended December 31, 2013. K. Kasio, Capital, Dec. 31, 2013 . . . .

Following is selected financial information for Kasio Co. for the year ended December 31, 2013.

K. Kasio, Capital, Dec. 31, 2013 . . . . . . . . . $14,000

Net income . . . . . . . . . . . . . . . . . . . . . . . . . 8,000

K. Kasio, Withdrawals. . . . . . . . . . . . . . . . . $1,000

K. Kasio, Capital, Dec. 31, 2012. . . . . . . . . 7,000


Required

Prepare the 2013 statement of owner’s equity for Kasio.


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