At the end of its first month of operations, Michael's Consulting Services reported net income of $27,400. They also had account balances of: Cash, $19,600; Office Supplies, $2,400 and Accounts Receivable $10,800. The owner's total investment for this first month was $5,400. 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.

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.