=+Selected accounts from the ledger of Picasso Sports for the current fiscal year ended June 30, 2010, are as follows:

Margarita Castillo, Capital Margarita Castillo, Drawing June 30 32,300 July 1 (2009) 237,600 Sept. 30 1,000 June 30 4,000 30 4,000 Dec. 31 1,000 May 31 1,000 June 30 1,000 Income Summary June 30 511,900 June 30 479,600 30 32,300 Prepare a statement of owner’s equity for the year.