2. Prepare a statement of owner's equity. Megaffin's Repairs Statement of Owner's Equity For Month Ended January 31, 20-- Don Megaffin, capital, January 1, 20-- $Don Megaffin, capital, January 1, 20-- 3,862 Net income for January $Net income for January 838 Less withdrawals for January Less withdrawals for January 1,100 Decrease in capital Decrease in capital 262 Don Megaffin, January 31, 20-- $Don Megaffin, January 31, 20-- 10,493