Current Attempt in Progress Paul Stewart was reviewing his business activities at the end of the year (February 29, 2024) and needs your help to prepare a statement of owner's equity. At the beginning of the year, his assets were $500,000 and his liabilities were $348,000. At the end of the year the assets had grown to $1,033,000 but liabilities had increased to $572,000. The profit for the year was $484,000. Paul had withdrawn $175,000 during the year for his personal use. Prepare a statement of owner's equity in good form. (List items that increase owner's equity first.) PAUL STEWART Statement of Owner's Equity $ ENG

Current Attempt in Progress Paul Stewart was reviewing his business activitics at the end of the year (February 29.2024) and needs your help to preparea statement of owner's equity. At the beginning of the year, his assets were $500,000 and his liabilities were $348,000. At the end of the year the assets had grown to $1,033,000 but liabilities had increased to $572,000. The profit for the year was $484,000. Paul had withdrawn $175,000 during the year for his personal use. Prepare a statement of owner's equity in good form. (List items that increase owner's equity first)