Statement of Owner's Equity

Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 20Y3, Xavier Heffner, Capital had a balance of $244,250. During the year, Xavier invested an additional $12,200 and withdrew $85,500. For the year ended December 31, 20Y3, Heffner Advertising Services reported a net income of $73,500.

a statement of owner's equity for the year ended December 31, 20Y3. Use the minus sign to indicate negative values.

Heffner Advertising Services

Statement of Owner's Equity

For the Year Ended December 31, 20Y3

Heffner Advertising Services Statement of Owner's Equity For the Year Ended December 31, 20Y3 Xavier Heffner, capital, January 1, 20Y3 LA 244,250 Additional investment during 20Y3 v 12,200 Net income 73,500 Withdrawals V 85,500 Increase in owner's equity v Xavier Heffner, capital, December 31, 20Y3