Blake Knudson owns and operates Grab Bag Delivery Services. On January 1, 2015, Blake Knudson, Capital had a balance of $918,000. During the year, Blake made no additional investments and withdrew $15,000. For the year ended December 31, 2015, Grab Bag Delivery Services reported a net loss of $43,500.

Prepare a statement of owners equity for the year ended December 31, 2015. If a net loss has been incurred or there has been a decrease in owners equity, enter that amount as a negative number using a minus sign. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement.

Labels
For the Year Ended December 31, 2015
Amount Descriptions
Add withdrawals
Additional investment during 2015
Blake Knudson, capital, December 31, 2015
Blake Knudson, capital, January 1, 2015
Decrease in owners equity
Increase in owners equity
Less withdrawals
Net income
Net loss