Please help me in preparing a statement of changes in owner's equity.

Activity 1: Yosef's Cafe (Use your notebook in answering) Yosef's Cafe is owned by Mr. Yosef Kristof. The balance of Mr. Yosef Kristof's capital as of January 1, 2019 is P500,000.00. During the year, he invested an additional P100,000.00 in the business. Also, Yosef's Cafe earned P80,000.00 of net income. Finally, he withdrew, P50,000.00. 1. How much is the balance of Yosef's capital balances as of December 31, 2019? rubric above.) 2. Prepare a statement of changes in the owner's equity for Yosef's Cafe. (Please use the Rubrics in the Preparation of Statement of Changes in Owner's Equity Preparation of SCE Use of proper terms ExpertMaster Proficient Competent Limited Consistent work Work meets standards, Your work must Ruling Exemplary work. exceeding but there is room for |improve. You are on Fornalting of the SCE standards. improvement probation. Balance Sheet: Proper Classifications Uses appropriate sections of an SCE: No error with 1 or 2 accounts are Capital, beginning, Additional investment, Net Income, properly classified not properly 3 or 4 accounts are not 5 and more accounts are not Drawings and Capital, ending accounts classified properly classified properly classified Professionally formatted No error with 1 or 2 errors with 3 or 4 errors with 5 or more errors Heading is centred Date is written in full With Peso Sign on the top and final amount All account titles start with a capital Totals are preceded with a total line Balances are on the same line Balances are double ruled not total with huge Calculations are correct : Capital, ending Perfect with one or 2 with 3 or 4 arithmetic arithmetic error error difference to the correct answer. Now, check your work by turning to page 45 Score Description 30 Very Good for the key to correction. Good How many correct answers did you get? Rate your 21-29 result using the table. 16-20 Fair Turn to If your score is at least 21 out of 30, you may now pages 7 sec. proceed to next part of the discussion. 0 - 15 J and work on the enrichment activities