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.