$ 27,996 o 10,536 15,206 2,108 31,610 $ 9,484 73,751 16,861 Cash Accounts receivable Teaching supplies Prepald Insurance Prepaid rent Professional library Accumulated depreciation- Professional library Equipment Accumulated depreciation- Equipment Accounts payable Salaries payable Unearned training fees L. Pite-Vaughn, Capital L Pitt-Vaughn, Withdrawals Tuition fees earned Training fees earned Depreciation expense-Professional library Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Totals 36,022 0 13,500 67,016 42,149 107,477 40,040 0 a 50,579 0 23.188 0 7,376 5,901 $ 290,400 S 290,400 1. How to prepare the Statement of Owner's Equity for the year