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

Net Income for April: $166,000

Marks Kominskys withdrawals during April $25,000

Marks Kominskys capital m, April 1,2019 : $384,500

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

The statement of owners equity is prepared before the April 30, 2019, balance sheet is because the ________ account balance is needed for the balance sheet.