Question: For each scenario, determine the ending capital. Exit Fullscreen Present your forms by using the format of the capital section seen in the classified balance

For each scenario, determine the ending capital. Exit Fullscreen Present your

For each scenario, determine the ending capital. Exit Fullscreen 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. Scenario 1: J. Do, Capital Balance, January 1st 2006: $720 000.00 Revenues: $450 000.00 Expenses: $310 000.00 Drawings: $30 000.00 Balance, December 31st 2006: ? Scenario 2: S. Shaw, Capital Balance, January 1st 2006: $1 420 000.00 Revenues: $810 000.00 Expenses: $960 000.00 Drawings: $56 000.00 Balance, December 31st 2006: ? Scenario 3: M. Crawford, Capital Balance, January 1st 2006: $220 000.00 Revenues: $290 000.00 Expenses: $270 000.00 Drawings: $20 000.00 Balance, December 31st 2006

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