Statement of owner's equity Instructions Instructions Labels and Amount Descriptions Statement of Owner's Equity The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 2017, follow: Labels and Amount Descriptions Fees earned Office expense $1,430,000 305.000 Miscellaneous expense 37,000 897,000 Wages expense Prepare a statement of owner's equity for the year ended April 30, 2017. Jerome Foley, the owner, invested an additional $60,000 in the business during the year and withdrew cash of $27,000 for personal use. Jerome Foley. capital as of liay 1, 2016, was 3657,000. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity. Labels For the Month Ended April 30, 2017 For the Year Ended April 30, 2017 Amount Descriptions Additional investment by owner during year Decrease in owner's equity Increase in owner's equity Withdrawals Net income for the year Net loss for the year Jerome Foley, capital, May 1, 2018 Jerome Foley, capital, April 30, 2017