Exercise 13.4 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 $59,575 on January 1, 2019, and $52,525 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses. Accounts $247,500 Cr. 4,330 Dr. 401 Sales 451 Sales Returns and Allowances 491 Miscellaneous Income 380 Cr 501 Purchases 103,400 Dr 1,955 Dr 3,580 Cr 1,780 Cr 502 Freight In 503 Purchases Returns and Allowances 504 Purchases Discounts 611 Salaries Expense-Sales 614 Store Supplies Expense 617 Depreciation Expense-Store Equipment 631 Rent Expense 634 Utilities Expense 45,100 Dr. 2,290 Dr 1,490 Dr 13,300 Dr 2,980 Dr 20,900 Dr. 637 Salaries Expense-Office 643 Depreciation Exnns-Office Equipment 550 Dr 646 Uncollectible Accounts Expense 691 Interest Expense 700 Dr 700 Dr 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 $63,560 Cr. 40,600 Dr. The worksheet of Bridget's Office Supplies contains the following owner's equity accounts. No additional investments were made during the period. Accounts $63,560 Cr. 301 Bridget Swanson, Capital 302 Bridget Swanson, Drawing 40,600 Dr. Net income for the year $42,695. Prepare a statement of owner's equity for the year ended December 31,, 2019. BRIDGET'S OFFICE SUPPLIES Statement of Owner's Equity Bridget Swanson, Capital, January 1, 2019 63,560 Net income for year 42,695 Less withdrawals for year (40,600) Increase in Capital 2,095 Bridget Swanson, Capital, December 31, 2019 65,655