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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
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. 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 $680,000 on January 1,20Y5, the beginning of the year. During the year, James withdrew $38,000
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