Prepare the statement of owners equity of Elegant Arrangements for the year ended
December 31, 2014.
Elegant Arrangements has just completed operations for the year ended December 31, 2014. This is the third year of operations for the company. The following data have been assembled for the business:

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$4,000 Salaries Expense 74,000 Accounts Payable $42,000 6,800 2,100 3,900 Accounts Receivable5,500 Insurance Expense Service Revenue Utilities Expense Rent Expense Rose, Capital, Jan. 1,2014 1, 100 Office Supplies 13,000 Rose, Withdrawals 10,500 Cash 4,700 Equipment 15,000