Prepare the statement of owners equity for Davis Design Studio for the year ending December 31, 2014.
The asset, liabilities, and equities of Davis Design Studio have the following balances at December 31, 2014. The owner began the year with a $33,300 capital balance and contributed $15,000 and withdrew $54,400 during the year.

Notes Payable Rent Expense Cash Office Supplies Salaries Expense Property Tax Expense S10,900 23,000 3,600 4,500 65,000 1,500 Office Furniture Utilities Expense Accounts Payable Service Revenue Accounts Receivable Miscellaneous Expense 49,000 6,900 3,200 158,300 8,600 4,200 El-34 Preparing the income statement Prepare the income statement for Davis Design Studio for the year ending December 31, 2014. Ending Capital $51,600 El-35 Preparing the statement of owners equity Prepare the statement of owners equity for Davis Design Studio for the year ending December 31, 2014. Learning Objective 5 Total Assets $65,700 El-36 Preparing the balance sheet Prepare the balance sheet for Davis Design Studio as of December 31,2014