STATEMENT OF CHANGES IN EQUITY 1. Decreases in equity aside from withdrawals of the owners 2. A type of business that is owned by at least 2 persons. 3. Owner, Juan invested an initial capital amounting P50,000 in order to put up his janitorial services company. During the first year of operations (2016), the company had a loss of P25,000. Because of this, Juan invested additional capital amounting to P50,000 in 2017. In the second year (2017), the company had a net income of P100,000 and Juan withdrew P10,000 for personal use. Compute for the ending capital balance of Juan for the year 2017. 4. Owner Juana invested P100,000 to start her laundry business. During the first year of operations (2016), the company had a net income of P15,000. Juana invested additional P100,000 to grow the business. In 2017, the business earned P50,000. As of December 31, 2017, Juana's capital balance is P200,000. How much is Juana's withdrawal? 5. In the Statement of Changes in Equity, the company had decreases in capital wherein income is distributed to owners. Identify the kind of business. 6. The following balances were retrieved from the records of Juan's Janitorial Services for the year ended December 31, 2016: Capital, January 1, 2016 P 500,000 Withdrawals 100,000 Additional Investments 50,000 Net Loss 45,000 Required: Prepare the Statement of Changes in Equity