2) Prepare a statement of owner's equity for Nolan Company for the year ended Decembe 31, 2020. The owner invested $5,500 during the current year (Cell D52). Hint: You must
calculate the beginning balance in the capital account.
Nolan Company
Statement of Owner's Equity
For Year Ended December 31, 2020
Nolan, Capital, January 1, 2020
Investment by owner
Net income
Subtotal
Withdrawals by owner
Nolan, Capital, December 31, 2020
5,500
2.100
1,500
3) Prepare a balance sheet for Nolan Company at December 31, 2020.
Nolan Company
Balance Sheet
December 31, 2020
Assets
$5,600
1,300
11,000
3,700
27,300
Cash
Accounts receivable
Inventory
Prepaid rent
Buildings
Total assets
$48,900
Liabilities and Equity
$7,500
4,300
$11,800
Llabilities
Accounts payable
Unearned subscriptions
Total liabilities
Equity
Nolan, Capital
Total liabilities and equity
$57,000

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?