(Solution) - Below is information from the statement of owner s equity of -(2025 Original AI-Free Solution)

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Below is information from the statement of owner?s equity of Mrs. Kitty?s Cookies for a recent year.
Withdrawals ............. 0
Net income .............. ?
Owner?s Equity, January 31, 2010 ..... $159,490
Owner?s Equity, January 31, 2009 ..... $105,000
Prepare the statements of owner?s equity for Mrs. Kitty?s cookies in good form. You will need to solve for the amount of net income. What is owner?s equity? Why might the owner decide not to make any withdrawals from the company?