Owner's capital account balance As of January 1, Shane Gerber, Capital had a credit balance of $50,800. During the year, owner withdrawals totaled $1,400, and the business incurred a net loss of $71,100. a. Compute the balance of Shane Gerber, Capital as of the end of the year. b. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance