Statement of Owner's Equity Jay Pembroke started a business. During the first month (April 20--), the following transactions occurred. a. Invested cash in business, $20,000. b. Bought office supplies for $4,500: $1,900 in cash and $2,600 on account. c. Paid one-year insurance premium, $1,500. d. Earned revenues totaling $2,900: $1,100 in cash and $1,800 on account. e. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300. f. Paid office rent for the month, $700. g. Withdrew cash for personal use, $100. Assets Liabilities Owner's Equity (Items Owned) (Amts. Owed) (Earnings) Cash Accounts Receivable + Office Supplies + (Owner's Investment) J. Pembroke, J. Pembroke, Capital Drawing Prepaid Insurance Accounts Payable + Revenues Expenses Description 20,000 . 4,500 2,600 1,500 20,000 (1,900) (1,500) 1,100 (2,300) (700) 1,800 - 2.900 Service fees (2,300) 7. 700 Rent expense (100) 100 Bal. 14,600 + 1,800 4,500 1,500 300 20,000 100 2,900 - 700 Jay Pembroke Income Statement For Month Ended April 30, 20- Revenues: Service fees $2,900 Expenses: Rent expense 700 Net income $2,200 Required: Use the information to prepare a statement of owner's equity for Jay Pembroke for the month of April 20-. If an amount is zero, enter "0". Jay Pembroke Statement of Owner's Equity For Month Ended April 30, 20- Total investment