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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.

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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 ended December 31, 20Y1, are as follows: Farhan Wasti, Capital 40,400 Jan. 1 (20Y1) Dec. 31 Farhan Wasti, Drawing 10,100 Dec. 31 40,400 771,600 Mar. 31 Dec. 31 404,000 June 30 10,100 Sept. 30 10,100 10,100 Dec. 31 Prepare a statement of owner's equity for the year. Serenity Systems Co. Statement of Owner's Equity For the Year Ended December 31, 20Y1 Farhan Wasti, capital, January 1, 20Y1 Net income $ Withdrawals Increase in owner's equity Farhan Wasti, capital, December 31, 20Y1

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