The owner of a firm had capital of $96.000 on January 1, 2019, and made withdrawals of $30,000 during 207 The tesses net income of $56,000 for the year. 1. What amount of capital was shown as of December 31, 2019, on the statement of owner's equity? 2. How much was the increase or decrease in capital for the year? Capital, Dec 31, 2019 Change in capital for the year