David Segal started a business. During the first month October 20--), the following transactions occurred. (a) Invested cash in the business, $15,000 (b) Bought office supplies for $3,800: $1,800 in cash and $2,000 on account (c) Paid one-year insurance premium, $1,000. (d) Earned revenues amounting to $2,700: $1,700 in cash and $1,000 on account. (e) Paid cash on account to the company that supplied the office supplies in transaction (b), $1,800. (Paid office rent for the month $650. (9) Withdrew cash for personal use, $150. The effect of each transaction is shown in the individual accounts of the expanded accounting equation. Assets Owned (AmtsO Owner's time Cash Accounts Receivable once Supplies Prepaid surance Accounts Payable Del Capital tega ning vast te 15.000 15.000 (10) 3.800 2.000 (1.000) 1 000 d 1.700 1.000 200 1.100) (1.100) RE (050) 150 (150) 15.000 150 2.700 50 8 1.000 1.800 1.000 Bal 11.300 The income statement for David Segal for the month ended October 31, 20- is shown The income statement for David Segal for the month ended October 31, 20-- is shown. David Segal Income Statement For Month Ended October 31, 20- 1 Revenues 2 Service fees $2,700.00 Expenses Rent expense 650.00 5 Net income $2,050.00 Required: Use the information to prepare a statement of owner's equity for David Segal for the month of October 20