The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The capital of the owner was $188,000 on April 1, the beginning of the current year. Mr. Thompson invested an additional $14,600 in the business during the year. Accounts Amount Accounts Amount Accounts payable $2,000 Miscellaneous expense $580 Accounts receivable 10,340 Office expense 300 Cash 21,420 Supplies 1,670 Fees earned 83,540 Wages expense 34,960 Land 47,000 Drawing 5,200 Building 154,970 Required: Prepare a statement of owners equity for Thompson Computer Services for the current year ended March 31. Be sure to complete the statement heading. Refer to the lists of Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss is incurred or there is a decrease in owners equity, enter that amount as a negative number using a minus sign.

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