Financial information related to Pickerel Company, a proprietorship, for the month ended June 30, 2008, is as

Question:

Financial information related to Pickerel Company, a proprietorship, for the month ended
June 30, 2008, is as follows:
Net income for June ............. $196,350
Lynn Jepsen’s withdrawals during June .... 15,000
Lynn Jepsen, capital, June 1, 2008 ...... 682,900
Prepare a statement of owner’s equity for the month ended June 30, 2008.