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

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: ? 0 $-0 1 Scenario 1: 2 J. Do, Capital 3 Balance, January 1st 2015 4 Net Income 5 Drawings 6 Decrease in Equity 7 Balance, December 31st 2015 8 9 10 Scenario 2: 11 12 13 14 15 16 17 18 19 Scenario 3: 20 21 22 23 24 25

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