Batik-Kami distributes batik merchandise to retail stores. The business uses the perpetual inventory system for its inventory sales and purchases, and extends credit terms of 1/10, n/30 to all of its customers.

During the month of December, the following merchandising transactions occurred.

Dec

1. Purchased batik merchandise on account for RM1,800 from Bachok Batik Manufacturer, FOB destination, terms 2/10, n/30. The appropriate party also made a cash payment of RM100 for freight on this date.

3. Sold batik merchandise on account to Kaya Baju Enterprise for RM2,000. The cost of batik merchandise sold is RM1,200.

9. Paid Bachok Batik Manufacturer in full.

12. Received payment in full from Kaya Baju Enterprise.

17. Sold batik merchandise on account to Indah Arthouse for RM1,800. The cost of the batik merchandise sold was RM1,080.

18. Purchased batik merchandise on account for RM1,900 from Rupawan Manufacturing, FOB shipping point, terms 1/10, n/30. The appropriate party also made a cash payment of RM125 for freight on 19 December.

20. Received RM300 credit (including freight) for batik merchandise returned to Rupawan Manufacturing.

21. Received payment in full from Indah Arthouse.

22. Sold batik merchandise on account to Komdar for RM2,250. The cost of batik merchandise sold was RM1,350.

30. Paid Rupawan Manufacturing in full.

31. Granted Komdar RM200 credit for batik merchandise returned costing RM120.

Question: Prepare an owners equity statement for the year ended December 31, 2020.

2020 Year-End Balances At the end of Batik-kami's calendar year on December 31, 2020, the following accounts appeared in two of its trial balances. The unadjusted balances have already reflected the above December transactions but require further adjustments. Account Titles Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Buildings Cash Cost of Goods Sold 'Depreciation Expense 'Equipment Insurance Expense Interest Expense Interest Payable 'Interest Revenue Inventory Long-Term Loan Owner's Capital Owner's Drawings Prepaid Insurance 'Property Taxes Expense Property Taxes Payable Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue 'Utilities Expense Unadjusted Adjusted (RM) (RM) 79,300 80,300 50,300 50,300 42,100 52,500 29,600 42,900 290,000 290,000 23,800 23,800 412,700 412,700 23,700 110,000 110,000 7,200 3,000 12,000 9,000 4,000 4,000 75,000 75,000 80,000 80,000 176,600 176,600 28,000 28,000 9,600 2,400 4,800 4,800 108,000 108,000 14,500 10,200 4,300 8,000 8,000 728,000 728,000 11,000 12,000 Intration 2020 Year-End Balances At the end of Batik-kami's calendar year on December 31, 2020, the following accounts appeared in two of its trial balances. The unadjusted balances have already reflected the above December transactions but require further adjustments. Account Titles Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Buildings Cash Cost of Goods Sold 'Depreciation Expense 'Equipment Insurance Expense Interest Expense Interest Payable 'Interest Revenue Inventory Long-Term Loan Owner's Capital Owner's Drawings Prepaid Insurance 'Property Taxes Expense Property Taxes Payable Salaries and Wages Expense Sales Commissions Expense Sales Commissions Payable Sales Returns and Allowances Sales Revenue 'Utilities Expense Unadjusted Adjusted (RM) (RM) 79,300 80,300 50,300 50,300 42,100 52,500 29,600 42,900 290,000 290,000 23,800 23,800 412,700 412,700 23,700 110,000 110,000 7,200 3,000 12,000 9,000 4,000 4,000 75,000 75,000 80,000 80,000 176,600 176,600 28,000 28,000 9,600 2,400 4,800 4,800 108,000 108,000 14,500 10,200 4,300 8,000 8,000 728,000 728,000 11,000 12,000 Intration