The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2016, follow:

Accounts (revenue and expense items)
Fees earned	$750,000
Office expense	295,000
Miscellaneous expense	12,000
Wages expense	450,000

Prepare a statement of owner's equity for the year ended August 31, 2016. Barb Schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. Barb Schroeder, capital as of September 1, 2015, was $380,000. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or there is a decrease in owners equity, enter that amount as a negative number using a minus sign.