elected accounts from the ledger of Masterpiece Arts for the fiscal year ended April $30,20$Y$2,$ are as follows:

Angelo Phelps, Capital

Apr. $3035,200$ May $1(20$Y$1)537,100$

Apr. $309,200$

Angelo Phelps, Drawing

July $312,300$ Apr. $309,200$

Oct. $312,300$

Jan. $312,300$

April $302,300$

Required:

Prepare a statement of owner$$s equity for the year. No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss has been incurred or there has been a decrease in owner$$s equity, enter that amount as a negative number using a minus sign.