Selected accounts from the ledger of Masterpiece Arts for the fiscal year ended April 30, 2012, are as follows: Angelo Phelps, Capital Apr. 30 31,700 May 1 (20Y1) 462,400 Apr. 30 6,600 Angelo Phelps, Drawing July 31 1,650 Apr. 30 6,600 Oct. 31 1,650 Jan. 31 1,650 April 301 1,650 Required: Prepare a statement of owner's equity for the year. No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss has been incurred or there has been a decrease in owner's equity, enter that amount as a negative number using a minus sign. Labels April 30, 20Y2 For the Year Ended April 30, 20Y2 Amount Descriptions Angelo Phelps, capital, April 30, 20Y2 Angelo Phelps, capital, May 1, 20Y1 Decrease in owner's equity Increase in owner's equity Net income Net loss Withdrawals Prepare a statement of owner's equity for the year. No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss has been incurred or there has been a decrease in owner's equity, enter that amount as a negative number using a minus sign Masterpiece Arts Statement of Owner's Equity (Label)