How do you determine the total amount for equity for #34?

4 6 7 2 3 TOP: Example Exercise 1-4 34. The assets and liabilities of Amos Moving Services at March 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2010, the beginning of the current year. Mr. Amos invested an additional $25.000 in the business during the year. Accounts Payable Accounts Receivable Cash Fees Eamed Land Building $1,200 $10,340 $33,990 $84,350 $47,000 $157,630 Miscellaneous Expense Office Expense Supplies Wages Expense Drawing $230 $1,240 $1,670 $23 550 $16,570 Prepare a statement of owner's equity for the current year ended March 31, 2011. ANS: Amos Moving Services Statement of Owner's Equity For the Year Ended March 31, 2011 $180,000 Amos, capital, April 1, 2010 Additional investment by owner during year Net Income for the year Subtotal Less withdrawals Increase in owner's equity Amos, capital March 31, 2011 $25,000 59.330 $84.330 16,570 67.760 $247.760 PTS: 1 DIF: Moderate OBJ: 01-05 NAT: AACSB Analytic I AICPA FN-Measurement IACBSP-APC-09-Financial Statements TOP: Example Exercise 1-5 35. The assets and liabilities of Amos Moving Services ar March 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2010, the beginning of the current year. Mr. Amos invested an additional $25,000 in the business during the year. Accounts Payable Accounts Receivable Cash $1,200 $10,340 $33.990 Miscellaneous Expense Office Expense Supplies S230 $1.240 $1.670