Exercise 13.4 (Algo) Preparing a statement of owner's equity. LO 13-2 The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $59,375 on January 1, 20x1, and $52,325 on December 31, 20X1. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts 401 Sales $246,800 CE. 451 Sales return and allowances 4,310 Dr. 491 Miscellaneous income 360 Cr. 501 Purchases 103,200 Dr. 502 Freight in 1,935 Dr. SO3 Purchases returns and allowances 3,560 CE 504 Purchases discounts 1,760 CE 611 Salaries expense-Sales 44,900 Dr. 614 Store supplies expense 2,270 Dr. 619 Depreciation expense-Store equipment 1,470 Dr. 631 Rent expense 13,100 DE 634 Utilities expense 2,960 Dr. 637 Salaries expense-Office 20,700 Dr. 640 Payroll taxes expense 5,600 Dr. 643 Depreciation expense-office equipment 530 Dr. 646 Uncollectible accounts expense 680 DE 691 Interest expense 660 DE The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were mode during the period. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing $63,360 Cr. 40,500 Dr. Net income for the year $43,115 The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing $63,360 Cr. 40,500 Dr. Net income for the year $43,115. Prepare a statement of owner's equity for the year ended December 31, 20X1. BRIDGETS OFFICE SUPPLIES Statement of Owner's Equity