apter 4 Homework. 4 Saved Skipped 1. Clancy owns Clancy Consulting. On December 31 of the prior year, the J. Clancy, Capital account balance was $26,000. During the current year, Clancy invests an additional $16,200 in assets, but withdrew $13.400 cash. Clancy Consulting reports net income of $34,400 for the current year. Prepare a statement of owner's equity for Clancy Consulting for the current year ended December 31. CLANCY CONSULTING Statement of Owner's Equity ebook Pt J Clancy, Capital, December 31 prior year References 0 J Clancy, Capital, December 31 current year $ 0