Question: Terry Woods opened Par Golf as a sole proprietor by investing $50,000 cash on January 1, 2017. Because the business was new, it operated at

Terry Woods opened Par Golf as a sole proprietor by investing $50,000 cash on January 1, 2017. Because the business was new, it operated at a net loss of $10,000 for 2017. During the year, Terry withdrew $20,000 from the business for living expenses. Terry also had $4,000 of interest income from sources unrelated to the business.
Required
Present the Owner's Equity category of Par Golf's balance sheet as of December 31, 2017.

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