Explanation
Let be x the amount the owner withdrew. Then, we can write and solve the following equation:
[tex]\begin{gathered} \text{ Beginning capital }+\text{ Contribution }+\text{ Net income }-\text{ Owner withdraws }=\text{ End Capital} \\ \text{\$}3,000+\text{\$}1,000+\text{\$}2,500-x=\text{\$}4,500 \\ \text{\$}6,500-x=\text{\$}4,500 \\ \text{ Subtract 6500 from both sides} \\ \text{\$}6,500-x-\text{\$}6,500=\text{\$}4,500-\text{\$}6,500 \\ -x=-\text{\$}2,000 \\ \text{ Multiply by -1 from both sids} \\ -x\cdot-1=-\text{\$}2,000\cdot-1 \\ x=\text{\$}2,000 \end{gathered}[/tex]
Answer
The owner withdraws $2,000.
