Use the balance sheet and income statement shown to prepare a statement of changes in owner’s equity. (The owner made an additional investment of $4,000 and withdrew $1,500 during the period.) 

Identify the largest expense for this business during the period.

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Revenue: Expenses: Outback Guide Service Income Statement For the Month Ended September 30, 20-- Guide Service Revenue Advertising Expense Maintenance Expense Rent Expense Salaries Expense Utilities Expense Total Expenses Net Income 375 00 13800 125000 150000 116100 891300 442400 448900