Question: The adjusted trial balance data given below is from the Kapoor Company's worksheet for the year ended December 31, 20X1. The firm had net income

The adjusted trial balance data given below is from the Kapoor Company's worksheet for the year ended December 31, 20X1. The firm had net income of $48,000 for the year. ADJUSTED TRIAL BALANCE ACCOUNT NAME DEBIT CREDIT Jamie Kapoor, Capital (January 1) 72,000 Jamie Kapoor, Drawing 36,500 Prepare a statement of owner's equity for the year ended December 31, 20X1.

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