Use the information in Problem 1-3B to prepare the statement of owner’s equity for Audi Company for the current year ended December 31. The owner invested $100 cash during the year.

Data from Problem 1-3B

As of December 31 of the current year, Audi Company’s records show the following.

Cash Accounts receivable. Supplies... Equipment... Accounts payable... Audi, Capital, Dec. 31, prior year... Audi, Capital, Dec. 31, current year ........ $2,000 1,800 1,200 1,000 3,600 1,900 2,400 Audi, Withdrawals... Consulting revenue Rental revenue.. Salaries expense Rent expense Selling and administrative expenses.. $2,600 6,600 4,400 4,000 2,400 1,600