LO 5 Preparation of Statement of Owner's Equity E5B. The Capital, Withdrawals, and Income Summary accounts for Stile's Hair Salon are shown in the T accounts that follow. The closing entries have been recorded for the year ended December 31, 2014. S. Williams, Capital Dr. Cr. 12/31/14 4,500 12/31/13 12/31/14 Bal. 13,000 9,500 18,000 Income Summary Dr. Cr. 12/31/14 12/31/14 21,500 12/31/14 9,500 31,000 Bal. Cr. 4,500 S. Williams, Withdrawals Dr. 4/1/14 1,500 12/31/14 7/1/14 1,500 10/1/14 1,500 Bal. Prepare a statement of owner's equity for Stile's Hair Salon