need help with part A2 which is preparing the owners equity statement
Problem 4-03A a-d (Part Level Submission) (Video) The completed financial statement columns of the worksheet for Cullumber Company are sh Cullumber Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account No. Dr. Cr. Cr. Dr. 8,700 10,600 2,700 23,600 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 4,600 8,800 2,400 19,700 12,400 60,500 1,500 " 2,900 1,700 30,400 1,400 38,000 22,500 60,500 58,000 35,500 22.500 58.000 60.500 58.000 (ai) Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign pre CULLUMBER COMPANY Income Statement For the Year Ended December 31, 20207 Revenues Revenues Service Revenue 50,500 60,500 38,000 38,000 (1) Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preced CULLUMBER COMPANY Income Statement For the Year Ended December 31, 2020 Revenues Service Revenue 60500 Expenses Maintenance and Repairs Expense HP Depreciation Expense 2900 Insurance Expense ce Expense 1700 - Salaries and Wages Expense 30400 Utilities Expense 1400 Total Expenses 38000 - Net Income / (Loss) 22500 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT LINK TO TEXT ( 2) Prepare owner's equity statement. (List items that increase owner's equity first.) CULLUMBER COMPANY Owner' Eauity Statement a2) Prepare owner's equity statement. (List items that increase owner's equity first.) CULLUMBER COMPANY Owner's Equity Statement Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT (a3) The parts of this question must be completed in order. This part will be available when you complete the parti per