On January 2, Daniel Harrison contributed $20,300 to start his business. At the end of the year, the business had generated $30,300 in sales revenues, incurred $18,150 in operating expenses, and distributed $5,300 for Daniel to use to pay some personal expenses.

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.