MIRA DELAMAR STORE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED DECEMBER, 2015 Delamar Capital, February 1, 2015 Additional capital, October 15, 2015 TOTAL CAPITAL, 2015 Add: Net Income Less: Withdrawals Delamar Capital, December 2015 ACTIVITY 1.2 ILLUSTRATIVE PROBLEM WRITTEN OUTPUT 3 On February 1 2015, Mira Delamar opened a store that sells school supplies. Mira wanted to know the balance of her capital account. Mira knew you were studying accounting so she asked for your help. The following were taken from the accounting records of Mira's Store: Mira started her business by depositing P 30,000 to open an account for the business. On October 15, 2015, the business is in need of additional cash so Mira deposited P5,000 on the account of the business. Mira also withdrew P15,000 from the business over the year. The business earned a net income of P37,450 for 2015