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Statement of owner's equity Instructions Labels and Amount Descriptions Statement of Owner's Equity Instructions Serenity Systems Co. offers its services to residents in the

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Statement of owner's equity Instructions Labels and Amount Descriptions Statement of Owner's Equity Instructions 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: 1 2 3 Farhan Wasti, Capital Dec. 31 84,400 Jan. 1 (2011) 1,326,000 Dec. 31 333,000 Farhan Wasti, Drawing Mar. 31 21,100 Dec. 31 84,400 June 30 21,100 Sept. 30 21,100 Dec. 31 21,100 Required: Prepare a statement of owner's 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 owner's equity, enter that amount as a negative number using a minus sign. Statement of Owner' s Equity (Label)

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