Damon Har Stylists's adjusted trial balance and income statement follow Click on the icon to view the adjusted trial balance.) Click on the icon to view the income statement) Prepare Damon's statement of owner's equity for the year ended December 31, 2024. Assume the owner made no contributions during the year. Prepare the statement of owner's equity. Enter any increases in capital prior to the Bubtotal and any decreases to Capital below the subtotal, (Exclude any zero-balance events for the period from equity) Damon Hair Stylists Statement of Owner's Equity Year Ended December 31, 2024 Damon Capital, January 1, 2024 Damon, Capital, December 31, 2024 - - X Data table December 31, ZUZ4 Balance Debit Credit Account Title Cash $ 900 Accounts Receivable 500 1,000 20,700 $ 2,400 Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Notes Payable Damon, Capital 200 800 4,100 10,900 Damon, Withdrawals 900 14,100 4,200 Service Revenue Rent Expense Supplies Expense Depreciation Expense-Equipment 1,200 2,400 Interest Expense 700 Total $ 32,500 $ 32,500 Reference Damon Hair Stylists Income Statement Year Ended December 31, 2024 Revenues: $ 14,100 4,200 Service Revenue Expenses: Rent Expense Interest Expense Depreciation Expense-Equipment Supplies Expense 700 2,400 1,200 8,500 Total Expenses $ 5,600 Net Income (Loss)