What is the Firms Financial Position?? it is not $50,427

FIGURE 6.4 End-of-Month Financial Statements Complete this question by entering your answers in the tabs below. Compare the January 31 balance sheet you prepared with the December 31 balance sheet shown in Figure 6.4 . 1. What changes occurred in total assets, liabilities, and the owner's ending capital? 2. What changes occurred in the Cash and Accounts Recelvable accounts? 3. Has there been an improvement in the firm's financial position? Statement of Owner Equity Postclosing