Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $252,000. During the year, Hannah invested an additional $32,000 and withdrew $52,400. For the year ended December 31, Hannah's Pool Service Company reported a net income of $73,200. Prepare a statement of owner's equity for the year ended December 31.
Hannah's Pool Service Company
Statement of Owner's Equity
For the Year Ended December 31
Hannah Roberts, capital, January 1
Investment during year
Net income
Withdrawals during year
Increase in Owner's equity
Hannah Roberts, capital, December 31

              Hannah's Pool Service Company

                   Statement of Owner's Equity

              For the Year Ended December 31, 202x

Hannah Roberts, capital, January 1, 202x                    $252,000

Investments during the year                                            $32,000

Net income                                                                        $73,200

Subtotal                                                                           $357,200

Withdrawals during the year                                           $52,400

Hannah Roberts, capital, December 31, 202x             $304,800

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