WileyPLUS - Microsoft Edge | https://edugen.wileyplus.com/edugen/Iti/main.uni WileyPLUS Weygandt, Accounting Principles, 13e Help | System Announcements ASSIGNMENT RESOURCES Exercise 1-16 AC114 Module 1: Competency Your answer is partially correct. Try again. Assessment: Part 7 (Explain the interrelationship Presented below is information related to the sole proprietorship of Sarah Allen, attorney. between the financial statements) Legal service revenue-2020 $345,000 Problem 1-01A a-b Total expenses-2020 214,000 Exercise 1-09 al-a3 Exercise 1-12 a1-a2 Assets, January 1, 2020 98,000 (Video) Liabilities, January 1, 2020 56,000 Exercise 1-15 Assets, December 31, 2020 164,000 Exercise 1-16 Liabilities, December 31, 2020 106,000 Review Score Drawings-2020 Review Results by Study Objective Prepare the 2020 owner's equity statement for Sarah Allen's legal practice. (List items that increase owner's SARAH ALLEN, ATTORNEY Owner's Equity Statement for the Year Ended December 31, 2020 Owner's Capital, January 1 Add Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work O Type here to search a 41 w