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2. (2 marks) At 1st July 2020, Zen Pre-School had assets and liabilities worth $18,000 and $12,000 respectively. At 30th June 2021, the assets and

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2. (2 marks) At 1st July 2020, Zen Pre-School had assets and liabilities worth $18,000 and $12,000 respectively. At 30th June 2021, the assets and liabilities of the school were $17,000 and $8,000 respectively. Assuming Mel contributed $1,000 during the year, complete the following Statement of Changes in Equity Zen Pre-School Statement of Changes in Owner's Equity For the year ended 30 June 2020 Capital - 1 July 2020 Contribution 1,000 Profit or loss Capital - 30 June 2021

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