Question: I need help with this owners equity statement filing in the blanks Exercise 1-16 Your answer is partially correct. Try again. Presented below is information

I need help with this owners equity statement filing in the blanks

I need help with this owners equity statement filing in the blanks

Exercise 1-16 Your answer is partially correct. Try again. Presented below is information related to the sole proprietorship of Patricia Johnson, attorney. Legal service revenue-2020 $335,000 Total expenses-2020 221,000 Assets, January 1, 2020 97,000 Liabilities, January 1, 2020 58,000 Assets, December 31, 2020 158,000 Liabilities, December 31, 2020 106,000 Drawings-2020 Prepare the 2020 owner's equity statement for Patricia Johnson's legal practice. (List items that increase owner's equity first.) PATRICIA JOHNSON, ATTORNEY Owner's Equity Statement For the Year Ended December 31, 2020 x Owner's Capital, January 1 335000 x Add v Net Income / (Loss) 92000 Less v Drawings Owner's Capital, December 31 v Click if you would like to Show Work for this question: Open Show Work

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