The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refPrepare a statement of owner's equity.

Prepare a balance sheet.

Kelly Consultinger to the objectives for each chapter covered as a review of the concepts.

NOTE: You must complete parts $1,2,3,4,6$ and $7$ before completing part $8.$ Part $5$ is optional.

Prepare an income statement.