2. Prepare a statement of owner's equity for the year ended December 31, 20Y5. Be sure to complete the statement heading. Refer to the information given and the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity. Excalibur Travel Agency Statement of Owner's Equity For the Year Ended December 31, 20Y5 1 James Brewster, capital, January 1,20Y5 2 Net income 3 4 Net loss 5 James Brewster, capital, December 31, 20Y5 Score: 31/47 $710,000.00 $347,200.00 1,057,200.00 44,500.00 $1,012,700.00 Points: 7.26/11 The amounts of the assets and liabilities of Excalibur Travel Agency at December 31, 20Y5, the end of the year, and its revenue and expenses for the year follow. The capital of James Brewster, owner, was $710,000 on January 1, 20Y5, the beginning of the year. During the year, James withdrew $44,500. Accounts Amounts Accounts payable $ 73,500 Accounts receivable 302,000 Cash 201,900 Fees earned 967,000 Land 576,500 Miscellaneous expense 6,800 Rent expense 38,100 Supplies 5,800 Supplies expense 4,300 Utilities expense 30,200 Wages expense 540,400 Required