Financial statements from the end$-$of$-$period spreadsheet

Paoli Consulting is a consulting firm owned and operated by Mary Paoli. The following end$-$of$-$period spreadsheet was prepared for the year ended March $31,20$Y$9$:

During the year ended March $31,20$Y$9,$ Mary Paoli invested an additional $$15,000$ in the business.

Based on the preceding spreadsheet, prepare a statement of owner$$s equity for Paoli Consulting. If a net loss is incurred or Mary Paoli, Drawing were paid, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

Paoli Consulting

Statement of Owner$$s Equity

For the Year Ended March $31,20$Y$9$

Line Item Description Amount

Mary Paoli, capital, April $1,20$Y$8$

Additional investment by owner

Net income for the year

Withdrawals

Mary Paoli, capital, March $31,20$Y$9$