Statement of Owner's Equity

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 endec December $31,20Y1,$ are as follows:

$\backslash$table$[[$Farhan Wasti, Capital,Farhan Wasti, Drawing$],[$Dec$.31,98,000$Jan. $1(20$Y$1),1,502,000,$Mar. $31,24,500$ Dec. $31,98,000],[$Dec$.31,385,000,$June $30,24,500,],[,,$Sept. $30,24,500,],[,,$Dec. $31,24,500,]]$

Prepare a statement of owner's equity for the year.

Serenity Systems Co$.$

Statement of Owner's Equity

For the Year Ended December $31,20$ Y$1$