Complete the following assignment and submit your work to the dropbox. Access the Capital Section Template for this assignment. Instructions: . For each scenario, calculate the ending capital. . Present your forms by using the format of the capital section seen in the classified balance sheet. . Use formulas to calculate the increase/decrease in equity, as well as the ending capital. Hint: The formulas have been provided for you in the first scenario. Scenario 1: J. Do, Capital Balance, January 1st 2015: $720 000 Revenues: $450 000 Expenses: $310 000 Drawings: $30 000 Balance, December 31st 2015: ? Scenario 2: S. Shaw, Capital Balance, January 1st 2015: $1 420 000 Revenues: $810 000 Expenses: $960 000 Drawings: $56 000 Balance, December 31st 2015: ? Scenario 3: M. Crawford, Capital Balance, January 1st 2015: $220 000 Revenues: $290 000 Expenses: $270 000 Drawings: $20 000 Balance, December 31st 2015: ?100% Y S % .0 .00 123- Arial 10 BISA 1 fx Scenario 1: A B C D E F G H J K L M N O Scenario 1: J. Do, Capital C AW N - Balance, January 1st 2015 Net Income Drawings 6 Decrease in Equity Balance, December 31st 2015 $ 10 Scenario 2: 11 12 13 14 15 16 17 18 19 Scenario 3: 20 21 22 23 24 25 26