Statement of Changes in Owners' Equity B D E Equity, Jan 1 $0 $0 $0 $0 Investment by Owner 60,000 31,500 37,500 140,000 Profit (Loss) for the year 15,750 30,500 (4,500) (8,000) Owner's Withdrawal (27,000) (20,000) (15,750) (63,000_) Equity, Dec 31 56,000 49,500 32,000 171,500 102,500 || 46,000 10,250 (19,750) 7,000