Cyrus Bautista owns and operates Aquarius Advertising Services. On January 1, 20Y3, Cyrus Bautista, Capital had a balance of $619,600. During the year, Cyrus invested an additional $38,000 and withdrew $17,500. For the year ended December 31, 20Y3, Aquarius Advertising Services reported a net income of $93,050. InstructionsCyrus Bautista owns and operates Aquarius Advertising Services. On January 1, 20Y3, Cyrus Bautista, Capital had a balance of $619,600. During the year, Cyrus invested anadditional $38,000 and withdrew $17,500. For the year ended December 31, 20Y3, Aquarius Advertising Services reported a net income of $93,050.Prepare a statement of owner's equity for the year ended December 31, 20Y3. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for theexact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Labels and Amount DescriptionsLabelsDecember 31, 20Y3For the Year Ended December 31, 20Y3Amount DescriptionsAdditional investment during 20Y3Cyrus Bautista, capital, January 1, 20Y3Cyrus Bautista, capital, December 31, 20Y3Decrease in owner's equityIncrease in owner's equityNet incomeNet lossWithdrawals12345

Name: Cyrus Bautista owns and operates Aquarius Advertising Services. On Jan
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Cyrus Bautista owns and operates Aquarius Advertising Services. On January 1, 20Y3, Cyrus Bautista, Capital had a balance of $619,600. During the year, Cyrus invested an additional $38,000 and withdrew $17,500. For the year ended December 31, 20Y3, A