Statement of Changes

in Owner's EquityBeginning Balance$5,000Net Income$12,000Drawings?Ending Balance$14,500

What is the total owner drawings in the statement of changes in owner's equity that Cindy drafted for her grocery store, shown here?

• a.)
• $9,500
• b.)
• $17,000
• c.)
• $1,500
• d.)
• $2,500