14 666 pims DI Pon References Mahomes Company reported the following data at the end of its first year of operations on December 31. Cash Accounts receivable Equipment Land Accounts payable Owner investmesta Mahones, Withdrawals Met income 56,000 7.000 9,000 34,000 3,000 15,000 22,000 40,000 (at Prepare its year-end statement of owner's equity. Hint Mahomes, Capital on January 1 was $0. (b) Prepare its year-end balance sheet, using owner's capital calculated in part a Complete this question by entering your answers in the tabs below. Required A Required B Prepare its year-end balance sheet, using owner's capital calculated in part a. MAHOMES COMPANY Balance Sheet December 31 Assets Equipment Land Accounts receivable Cash Check my work 14 6.66 P References Mahomes Company reported the following data at the end of its first year of operations on December 31. Cash Accounts receivable Equipment Land Accounts payable Owner investments Mahones, Withdrawals Net Income 14,000 7,000 9,000 34,000 3,000 15,000 22,000 60,000 (a) Prepare its year-end statement of owner's equity. Hint Mahomes, Capital on January 1 was $0. (b) Prepare its year-end balance sheet, using owner's capital calculated in part a Complete this question by entering your answers in the tabs below. Required A Required B Prepare its year-end statement of owner's equity. Hint: Mahomes, Capital on January I was 50. MAHOMES COMPANY Statement of Owner's Equity For Year End December 31 Mahomes, Capital, January 11 Add: Net income Less Withdrawal by Mahomes. Capital, December 31 0 Required B> Check my work