Guy McKinley started the McKinley Charter Service at the beginning of August 2019. On August 31, 2019, the accounting records of the business showed the following information.

Equipment 18,500 Gasoline Expenses 7,700

Accounts receivable 2,700 Loans Payable 78,000

Fees Income 30,250 Owners' Withdrawal 4,150

Boats 103,500 Rent Expense 5,000

Cash 6,100 Salaries Expense 10,900

Supplies 3,700 Utilities Expense 2,100

Initial Investment 51,500 Accounts Payable 4,600

Prepare a statement of owners equity (explain)