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1. Using the information below, construct a Statement of Owners Equity for the period Jan. 1, 2018 to Dec. 31, 2018 for the Illini Tap. Some of the items may not be used, some are completed for you, and others may require additional calculation before entering onto the form. Complete the Change in Market Valuation section first, then complete the change in Contributed Capital and Retained Earnings section

Complete the SOE and worksheet using the information below.

Item: Change Excess of Market over Book Values (Market - Book) 12/31/2017 Machinery and Equipment -$5,000 Land Buildings $0 Marketable Securities $15,000 Other Investments (local brewery) $15,000 $0 12/31/2018 -$13,000 $5,000 $10,000 $19,000 $18,000 Selected Account Balances: Current Deferred Taxes Non-current Deferred Taxes Non-real estate long-term loan balance Total Equity $1,133 $3,000 $165,000 $264,368 $11,552 $6,000 $149,000 $345,949 $81,581 Other Information: 2018 Net Income $137,581 No capital contributions or distributions were made in 2018 STATEMENT OF OWNER EQUITY for Big Tap For the period: December 31, 2017 to: December 31, 2018 Item Subtotal Total Beginning of period owner equity 264,368 a 137,581 + Changes in contributed capital and retained earnings: Net Income Withdrawals owner/family living Capital Contributions: Debt forgiveness Gifts Inheritances Capital Distributions: Dividends Gifts Inheritances + + Total change in contributed capital and retained earnings _>$ 0 Change in market valuation (market value over cost/basis) of: Marketable securities Other business investments Machinery and equipment Land Buildings Other capital assets Personal assets Personal liabilities Total change in market valuation Change in noncurrent portion of deferred taxes 0 >$ Total change in valuation equity Total Change in Owner Equity End of period owner equity 81,581 v 345, 949 Item: Change Excess of Market over Book Values (Market - Book) 12/31/2017 Machinery and Equipment -$5,000 Land Buildings $0 Marketable Securities $15,000 Other Investments (local brewery) $15,000 $0 12/31/2018 -$13,000 $5,000 $10,000 $19,000 $18,000 Selected Account Balances: Current Deferred Taxes Non-current Deferred Taxes Non-real estate long-term loan balance Total Equity $1,133 $3,000 $165,000 $264,368 $11,552 $6,000 $149,000 $345,949 $81,581 Other Information: 2018 Net Income $137,581 No capital contributions or distributions were made in 2018 STATEMENT OF OWNER EQUITY for Big Tap For the period: December 31, 2017 to: December 31, 2018 Item Subtotal Total Beginning of period owner equity 264,368 a 137,581 + Changes in contributed capital and retained earnings: Net Income Withdrawals owner/family living Capital Contributions: Debt forgiveness Gifts Inheritances Capital Distributions: Dividends Gifts Inheritances + + Total change in contributed capital and retained earnings _>$ 0 Change in market valuation (market value over cost/basis) of: Marketable securities Other business investments Machinery and equipment Land Buildings Other capital assets Personal assets Personal liabilities Total change in market valuation Change in noncurrent portion of deferred taxes 0 >$ Total change in valuation equity Total Change in Owner Equity End of period owner equity 81,581 v 345, 949

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