On January 2, Daniel Harrison contributed $19,400 to start his business. At the end of the year, the business had generated $29,400 in sales revenues, incurred $17,700 in operating expenses, and distributed $4,400 for Daniel to use to pay some personal expenses.

Required:

1. Prepare a statement of owners equity, assuming this is a sole proprietorship.

2. Prepare the owners equity section of the balance sheet, assuming this is a sole proprietorship.

3. Prepare the stockholders equity section of the balance sheet, assuming this is a corporation with no-par value stock.

Required 1 Required 2 Required 3 Prepare a statement of owner's equity, assuming this Statement of Owner's Equity Daniel Harrison, Capital, Beginning of Year Daniel Harrison, Capital, End of Year $ 0 Required 1 Required 2 Required 3 Prepare the owner's equity section of the b Balance Sheet (Partial) At the End of the Year Owner's Equity Daniel Harrison, Capital Balance Sheet (partial) At the End of the Year Stockholder's Equity Total Stockholder's Equity $ 0