Following is selected financial information of Act First for the year ended December 31, 2009.
I. Firstact, Capital, Dec. 31, 2009 . . . . . . . . $10,500 I. Firstact,Withdrawals . . . . . . . . . . . . . . $ 2,000
Net income . . . . . . . . . . . . . . . . . . . . . . 7,000 I. Firstact, Capital, Dec. 31, 2008 . . . . . . . 5,500
Required
Prepare the 2009 statement of owner’s equity for Act First.
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