Use the information in Problem 1-3B to prepare the statement of owner’s equity for Audi Company for the current year ended December 31. The owner invested $100 cash during the year.

Data from Problem 1-3B

As of December 31 of the current year, Audi Company’s records show the following.

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Cash Accounts receivable. Supplies... Equipment... Accounts payable... Audi, Capital, Dec. 31, prior year... Audi, Capital, Dec. 31, current year ........ $2,000 1,800 1,200 1,000 3,600 1,900 2,400 Audi, Withdrawals... Consulting revenue Rental revenue.. Salaries expense Rent expense Selling and administrative expenses.. $2,600 6,600 4,400 4,000 2,400 1,600