? The following account balances are for Lisa Assaad, Certified Public Accountant, as of April $30,20$X$1.$

Cash: $$120,000$

Accounts receivable: $$48,000$

Maintenance expense: $$20,800$

Advertising expense: $$16,760$

Fees earned: $$121,600$

Lisa Assaad, Capital, April $1?????$

Salaries expense: $$58,000$

Machinery: $$90,000$

Accounts payable: $$52,800$

Lisa Assaad, Withdrawals for April: $$30,800$

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Required:

Determine the balance for Lisa Assaad, Capital, April $1,20$X$1.$ ?Prepare an income statement and a statement of owner$$s equity for the month ended April $30,20$X$1,$ ?and a balance sheet for April $30,20$X$1.$

Analyze:

What net change in owner$$s equity occurred during the month of April?