EX 1-18 Statement of owner's equity OBJ. 5 Financial information related to Udder Products Company, a proprietorship, for the month ended April 30, 2016, is as follows: Net income for April $166,000 Mark Kominksy's withdrawals during April Mark Kominksy's capital, April 1, 2016 25,000 384,500 a. Prepare a statement of owner's equity for the month ended April 30, 2016. b. Why is the statement of owner's equity prepared before the April 30, 2016, balance sheet?