[APPENDIX] Chad Jones established Jones' Cleaning Services,a sole proprietorship,by investing $1,000 on January 1,2012.During the first year of operations,the business generated net income of $42,000.The owner withdrew cash for personal use.The ending balance of the capital account was $20,000.Prepare Jones' statement of owner's equity for the year ended December 31,2012.

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The Answer of [APPENDIX] Chad Jones established Jones' Cleaning Services,a sole proprietorship,by investing $1,000 on January 1,2012.During the first year of operations,the business generated net income of $42,000.The owner withdrew cash for personal use.The ending balance of the capital account was $20,000.Prepare Jones' statement of owner's equity for the year ended December 31,2012.

[APPENDIX] Chad Jones Established Jones' Cleaning Services,a Sole Proprietorship,by Investing