The following information is available from the records of LoopTech Services. On January 1, Velma Morgan, Capital had a balance of $392,500. During the year, no additional owner investments were made, and $25,000 of owner withdrawals were made. For the year ended December 31, LoopTech reported a net loss of $38,700. MEEST Prepare a statement of owners' equity for the year ended December 31. If a net loss is incurred or withdrawals were made, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.