Statement of Owner's Equity. Financial information related to Pegasus Products Company, a proprietorship, for the month ended Aprii 30,20 , 20 , is as follows: a. Prepare a statement of owner's equity for the month ended April 30, 20Y7: b. Why is the statement of owner's equity prepared before the April 30, 20Y7, balance sheet? The statement of owher's equity is prepared before the Apni 30 , 20Y7, balance sheer because the account balance is needed for the balance sheet