If you do this problem incorrectly 2 more times, we will practice another question.

On December 31, Williams Co. had the following list of accounts and their respective annual balances.

Accounts Payable

$

25,900

Prepaid Rent

$

13,000

Accounts Receivable

37,600

Rent Expense

1,000

BeginningCapital

89,200

Supplies

22,600

Cash

62,300

Supplies Expense

6,300

Consulting Revenue

45,300

Unearned Revenue

5,000

Drawing

10,400

Utilities Expense

9,100

Legal Expense

3,100

Required:

Complete thestatement of owner's equitybelow.

Hint: First compute net income.

Williams Company

Statement of Owner's Equity

For Year Ended December 31

Beginning Capital

89,200

(Choose one)

Accounts Payable

Accounts Receivable

Cash

Consulting Revenue

Drawing

Legal Expense

Net Income

Prepaid Rent

Rent Expense

Retained Earnings

Service Revenue

Supplies

Supplies Expense

Unearned Revenue

Utilities Expense

Change in Equity

Ending Capital

$

89,200

I have 5 questions