Prepare a statement of owner's equity for the year ended Apr 30, 2017. Jerome Foley, the owner, invested an additional $52,000 in the business during the year and withdrew cash of $34,000 for personal use. Jerome Foley, capital as of May 1, 2046, was $876,000. Be sure to complete the statement heading Refer to the dists of accounts, Labens, and Amount Descriptions provided for the exact working or the answer choices for text entries. It required, use the minus sign by indicate any decreases in equity Statement of Owner's Equity Up-in-the-Air Travel Service Statement of Owner's Equity (Label) 1 2 3 4 5 Labels For the Month Ended April 30, 2017 For the Year Ended April 30, 20Y7 Amount Descriptions Additional investment by owner during year Decrease in owner's equity 2 Increase in owner's equity 3 Withdrawals Net income for the year $ Net loss for the year 6 Jerome Foley, capital, May 1, 2016 Jerome Foley, capital, April 30, 2017 The revenues and expenses of Up in the Air Travel Service for the year ended April 30, 2017, follow Fees earned $1,870,000 343,000 Office expense Miscellaneous expense 21,000 Wages expense 1.115,000 Prepare a statement of owner's equity for the year ended Apr 30, 2017 Jerome Foley, the owner, invested an additional $52,000 in the business during the year and withdrew cash of 534,000 for personal use. Jerome Foley, capital as of May 1, 2016, was 876,000. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity