Answer ; equity as of the beginning of the year= $ 51400
Working notes for the above answer
We have been provided with the information as follow
| equity at the end of the current year. | $57,100 |
| investments by owners in exchange for stock | 8400 |
| net loss | -2700 |
Now we will calculate equity as of the beginning of the year
| equity at the end of the current year. | $57,100 |
| Less: | |
| investments by owners in exchange for stock | 8400 |
| $48,700 | |
| Add: | |
| net loss | 2700 |
| $51400 |
