On 1 July 2025 Woojin and William began their partnership by contributing \($550\) 000 and \($480\) 000 respectively. William contributed another \($70\) 000 and Woojin withdrew \($30\) 000 of her capital investment during the first year of business. The profit for the year ended 30 June 2026 of \($280\) 000 was divided evenly between the partners. During the year Woojin withdrew \($30\) 000 from profits and William withdrew \($40\) 000 of his share of the profits.

Required 

Prepare a statement of changes in partner’s equity for the year ended 30 June 2026 using both method 1 and method 2.