The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:

Fees earned	$899,600
Office expense	353,800
Miscellaneous expense	14,400
Wages expense	539,800

Prepare a statement of owner's equity for the year ended August 31, 20Y4. Megan Cox, the owner, invested an additional $43,200 in the business during the year and withdrew cash of $21,600 for personal use. Megan Cox, capital as of September 1, 20Y3, was $456,000.