Selected T accounts appear below for the current year for Linda's Surveying Services.

Linda Winter, Capital
12/31	25,000	1/1	20,000
		12/31	48,000

Linda Winter, Drawing
3/31	12,000	12/31	25,000
12/22	13,000

Income Summary
12/31	19,000	12/31	67,000
12/31	48,000

Required:

Prepare a statement of owner's equity. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. If a net loss is incurred or there is a decrease in owners equity, enter that amount as a negative number using a minus sign.

Labels and Amount Descriptions

Labels
For the Year Ended December 31
Amount Descriptions
Decrease in owners equity
Increase in owners equity
Linda Winter, capital, December 31
Linda Winter, capital, January 1
Net income
Net loss
Withdrawals

Statement of Owners Equity

Prepare a statement of owner's equity. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. If a net loss is incurred or there is a decrease in owners equity, enter that amount as a negative number using a minus sign.

Linda's Surveying Services

Statement of Owners Equity

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