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Financial information related to Udder Products Company, a proprietorship, for the month ended April 30, 2019, is as follows: Net income for April $166,000 Mark

Financial information related to Udder Products Company, a proprietorship, for the month ended April 30, 2019, is as follows:

Net income for April $166,000

Mark Kominksys withdrawals during April 25,000

Mark Kominksys capital, April 1, 2019 384,500

a. Prepare a statement of owners equity for the month ended April 30, 2019.

b. Why is the statement of owners equity prepared before the April 30, 2019, balance sheet?

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