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Accounting Assignment 8: Financial Statements of the Sole Proprietorship-8 PTS Name: EXAMPLE of what a Statement of Changes in Owner's Equity should look like when there is net income & when there is net loss When there is Net Income Dimensions Manufacturing Unit Statement of Changes in Owner's Equity For the month ended March 31, 2013 When there is Net Loss Dimensions Manufacturing Unlit Statement of Changes in Owner's Equity For the month ended March 31, 2013 Beginning Capital, March 1, 2013 Add: $30,000 Beginning Capital, March 1",2013 Add: Investment by owner Sub Total 550,000 $5,000 Additional Capital Net Income $1,000 $2,000 $13,000 $2,000 Total Increase in Capital Sub Total Less: Withdrawals Ending Capital, March 31", 2012 $3,000 Less: Withdrawals by Owner $33,000 $7,000 Total Decrease in Capital $26,000Ending Capital, March 31", 2012 Net Loss 515,000 Part 1 Instructions: Create a financial statement titled "Statement of Changes in Owner's Equity" in the table provided below. Use the examples above to help you format it. Remember to choose the correct format based on whether there is net income or net loss Mr. Jos is running a retail stationery shop and his capital on March 1st, 2013 is $10,000. He introduced additional capital of $2,000 on March Sth and his net income for March 2013 is $3,000. His withdrawals are $4,000. Jose's Stationary Shop Statement of Changes in Owner's Equity For the month ended March 31, 2013

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