The Haslett Hotspots activities for 20X4 & 20X5 affecting the Malorie Haslett, Capital are as follows:

		20X4	20X5
	Net Income (loss) Withdrawals by Malorie Investment by Malorie	($2,000) 15,000 40,000	$10,000 20,000 0

In addition, the balance of the Malorie Haslett, Capital account on December 31, 20X5, was $50,000.

Required:

1. Determine the balance of the Malorie Haslett, Capital account at the beginning of years 20X4 & 20X5
2. Prepare a statement of owners equity for the Haslett Hotspot for 20X5.