SEP 3: Green Farms also had records to develop their Statement of Owner Equity. Prepare the Owner Equity statement that they would need to present to the bank. - Their beginning equity was $10,000 - They recorded their Accrual Adjusted Net Income from the Income Statement - Their off-farm income was $25,000 - They inherited 30 acres of land valued at $3,800 per acre STATEMENT OF OWNER EQUITY SEP 3: Green Farms also had records to develop their Statement of Owner Equity. Prepare the Owner Equity statement that they would need to present to the bank. - Their beginning equity was $10,000 - They recorded their Accrual Adjusted Net Income from the Income Statement - Their off-farm income was $25,000 - They inherited 30 acres of land valued at $3,800 per acre STATEMENT OF OWNER EQUITY