prepare the owners Equity statement

Nicholas Company had the following Adjusted Trial Balance for the month ended May 31, 2016. Sales Discounts 642 Sales Returns and Allowances 5,100 Purchases 167,200 Purchases Discounts 3,722 Purchases Returns and Allowances 8,000 Freight-in 1,960 Salaries Expense 35,300 Utilities Expense 8,100 Repair Supplies Expense 930 Postage Expense 380 Rent Expense 14,500 Depreciation Expense, Delivery Truck 850 Depreciation Expense, Forklift 900 Office Supplies Expense 1,200 Ending Merchandise Inventory =$63,000