Following is selected financial information of ATV Company for the year ended December 31, 2013.
A.T. Vee, Capital, Dec. 31, 2013 . . . . . . . . . $47,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
A.T. Vee, Withdrawals . . . . . . . . . . . . . . . . $ 7,000
A.T. Vee, Capital, Dec. 31, 2012. . . . . . . . . . 49,000
Required:
Prepare the 2013 statement of owner's equity for ATV Company.