The following ten transactions occurred during the July grand opening of the Pancake Palace. Assume all Owner's Equity transactions relate to the primary purpose of the business. A. Calculate the ending balance for each account. For those boxes in which you must enter subtractive or negative numbers use a minus sign Assets Owner's Equity Liabilities Accounts Cash Inventory Equipment Payable Wages Payable Investment by Owner 1 $53,825 $53,825 2 (6,000) $6,000 3 $23,000 $23,000 4 1,250 (750) B 3,200 Withdrawals $1,250 (750) 600 (600) $3,150 (3,150) 3,200 175 (175) 10 (1,000) 50,525 v 1,000 6,000 24,000 $23,775 V 80,525 3,150 V 53,600 26,925 53,600 Ending Balance A-L+OE Feedback Check My Work A. Add/subtract the figures in each column. B. Create the Income Statement. Use minus sign to indicate the loss