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At the end of its first month of operations, Michael's Consulting Services reported a net income of $28,300

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At the end of its first month of operations, Michael's Consulting Services reported a net income of $28,300.

They also had account balances of Cash, $20,200; Office Supplies, $2,550, and Accounts Receivable $11,100.

The owner's total investment for this first month was $5,550.

There were no owner withdrawals in the first month.

Calculate the ending balance in the Owner's Capital account to be reported on the Statement of Owner's Equity.