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Using the income statement create a statment of owners equity begin{tabular}{|l|c|c|} hline Particulars & Amount hline Service Revenue & & $1,950 hline Less:
Using the income statement create a statment of owners equity
\begin{tabular}{|l|c|c|} \hline Particulars & Amount \\ \hline Service Revenue & & $1,950 \\ \hline Less: COGS & 0 \\ \hline Gross Profit & 1,950 \\ \hline & \\ \hline Operating Expenses: & 2,500 & \\ \hline Rent Expense & 350 & \\ \hline Supplies Expense & 70 & \\ \hline Gas Expense & 450 & \\ \hline Depreciation Expense & & 3,370 \\ \hline Total Operating Expense & & $1,420 \\ \hline & \\ \hline Operating Income & & \\ \hline & & $1,420 \\ \hline Non-Operating Income & & 0 \\ \hline Income before taxes & $1,420 \\ \hline Income Tax Expenses & & \\ \hline Net Loss & & \\ \hline \end{tabular} Step by Step Solution
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