Question 2 Owners' equity (OE) represents the capital available for distribution to shareholders. Owners' equity consists of capital and drawing accounts. The Government just approved Omutse - Gwonime with a Village Council Status At the end of that year, the Village Council made N$35,000 of profit, Ministry contributed N$10,000 of equipment, and the Council took out N$ 2,000 in cash. Calculate the Village Council's owner's equity for the year ended March 2018 and give reason for your answers. (10 marks) Page 9 of 11