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Feldman Company Had a Balance of $360,000 in Saul Feldman,Capital

Question 99

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Feldman Company had a balance of $360,000 in Saul Feldman,Capital on December 31,2013.During 2014,the company reported a net income of $48,000,and the owner withdrew $36,000 during the year,while making no additional investments.Prepare the company's statement of owner's equity for the year ended December 31,2014.

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