Serenity Systems Co. offers its services to residents in the Minneapolis area. Selected accounts from the ledger of Serenity Systems Co. for the fiscal year ended December 31, 20Y1, are as follows:

Farhan Wasti, Capital
Dec. 31	83,200	Jan. 1 (20Y1)	1,350,000
		Dec. 31	333,000

Farhan Wasti, Drawing
Mar. 31	20,800	Dec. 31	83,200
June 30	20,800
Sept. 30	20,800
Dec. 31	20,800

Required:

	Prepare a statement of owners 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 owners equity, enter that amount as a negative number using a minus sign. Prepare a statement of owners 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 owners equity, enter that amount as a negative number using a minus sign. Serenity Systems Co. Statement of Owners Equity
Labels
December 31, 20Y1
For the Year Ended December 31, 20Y1
Amount Descriptions
Decrease in owners equity
Farhan Wasti, capital, December 31, 20Y1
Farhan Wasti, capital, January 1, 20Y1
Increase in owners equity
Net income
Net loss
Withdrawals