(Answered) Francis matthews owns and operates daffodil advertising

Accounting

Francis Matthews owns and operates Daffodil Advertising Services. On January 1, 2013, Francis Matthews, Capital had a balance of $475,000. During the year, Francis invested an additional $50,000 and withdrew $30,000. For the year ended December 31, 2013, Daffodil Advertising Services reported a net income of $139,500. Prepare a statement of owner's equity for the year ended December 31, 2013.

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