a.

b.

Jarvis began operations on January 1, Year 1 with an owner investment of $10,000. There have been no additional owner investments. In its first two years of operations, it reported the following at its December 31 year-end. Year 1 Year 2 Net income $ 30,000 $ 50,000 Jarvis, Withdrawals $ 8,000 $ 14,000 (a) Prepare the statement of owner's equity for Year 1 at its December 31 year end. (6) Prepare the statement of owner's equity for Year 2 at its December 31 year end. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the statement of owner's equity for Year 1 at its December 31 year end. JARVIS Statement of Owner's Equity For Year Ended December 31, Year 1 $ 0 Required > Required A Required B Prepare the statement of owner's equity for Year 1 at its December 31 year JARVIS Statement of Owner's Equity For Year Ended December 31, Year 1 Accounts payable Accounts receivable 0 Cash $ 0 Consulting fees earned Equipment Required Required 's equity for Year 2 at its December 31 year end. year end. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the statement of owner's equity for Year 1 at its December 31 year end. JARVIS Statement of Owner's Equity For Year Ended December 31, Year 1 Jarvis, Capital, December 31, Year 1 Jarvis, Capital, January 1, Year 1 Land 0 Miscellaneous expenses 0 Owner investments Required Required B Complete this question by entering your answers in the tabs below. Required A Required B Prepare the statement of owner's equity for Year 1 at its December 31 year end. JARVIS Statement of Owner's Equity For Year Ended December 31, Year 1 Owner withdrawals Rent expense 0 Salaries expense $ 0 Supplies Telephone expense Required Required B > Complete this question by entering your answers in the tabs below. Required A Required B Prepare the statement of owner's equity for Year 2 at its December 31 year end. JARVIS Statement of Owner's Equity For Year Ended December 31, Year 2 0 $ 0