Mavis Curry owns and operates A2Z Delivery Services. On January 1, 2011, Mavis Curry, Capital had a

Question:

Mavis Curry owns and operates A2Z Delivery Services. On January 1, 2011, Mavis Curry, Capital had a balance of $600,000. During the year, Mavis made no additional investments and withdrew $45,000. For the year ended December 31, 2011, A2Z Delivery Services reported a net loss of $13,500. Prepare a statement of owner’s equity for the year ended December 31, 2011.