The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follow:

Fees earned$1,470,000Office expense309,000Miscellaneous expense26,000Wages expense807,000

Prepare a statement of owners equity for the year ended April 30, 20Y7. Jerome Foley, the owner, invested an additional $49,000 in the business during the year and withdrew cash of $29,000 for personal use. Jerome Foley, capital as of May 1, 20Y6, was $679,000. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If required, use the minus sign to indicate any decreases in equity.