BRAMBLE COMPANY Statement of Owner's Equity December 31, 2021 For the Year Ended December 31, 2021 For the Month Ended December 31, 2021 > $ Bramble Company recently hired a new accountant whose first task was to prepare the finandal statements for the year ended December 31, 2021. The following is what he produced BRAMBLE COMPANY Income Statement December 31, 2021 Sales $395.000 LESS: Unearned revenue $5.400 Purchase discount 3400 8.800 Total revenue 386.200 Cost of goods sold Purchases 232.500 Less: Purchase returns and allowances 4.100 Net purchases 236,500 Add SalesTets and allowances 7,500 Cost of goods available for sale 244,100 Add: Freight out 9.400 Cost of selling merchandise 253.500 Gross prontman 132,700 Operating expenses Freight in 4500 Insurance expense 10.600 Intexpense 2.400 Rent expense 27.900 EPOO Sex Total operating 77.300 55.400 Pro Othere Intreven 51100 men by owner 81300 4.900 Cathore Depreca 6.500 500 55.000 Drawinbow SOOD 35.300 Pronto operation BRAMBLE COMPANY Balance Sheet Year Ended December 31, 2021 Assets Cash S 16.600 Accounts receivable 7,500 29.600 Merchandise inventory January 2 2023 Merchandise inventory. December 31 2021 24,000 Equipment $65.000 Less loan payable for equipment purchase 50.600 24400 Total assets $ 192.100 Liabilities and owner's Equity $ 50,600 Long term investment Acumulated depreciation equipment 19.500 Second 3.000 TON 73 100 Owney 19.000 Tables and owners equity $.92.100 The owner of the company Lily Overis confused by the statements and has asked you for your help. She don't understand how WhOwnerscount was $7110 December 31, 2020, owner's equity is now only $19.000. The countant tell you thats 19.000 must be correct because the balance sheet is balanced. The accountant also tell you that he didn't prepare a statement owners equity because it is an optional statement. You are relleved to find out that even though there we errors in the statement the amount sed from the accounts in the general ledger are the correct amounts C > s e Textbooleand Media Attempts0 of 2nd Sub SO sing multiple attempat your score SO Scorectionatempt (23) The part of the completed in order. This part with you.com