The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $$59,475$ on January $1,20$X$1,$ and $$52,425$ on December $31,20$X$1.$ The expense accounts numbered $611$ through $617$ represent selling expenses, and those numbered $631$ through $646$ represent general and administrative expenses.

Accounts

$401$ Sales $ $247,000$ Credit

$451$ Sales Returns and Allowances $4,320$ Debit

$491$ Miscellaneous Income $370$ Credit

$501$ Purchases $103,300$ Debit

$502$ Freight In $1,945$ Debit

$503$ Purchases Returns and Allowances $3,570$ Credit

$504$ Purchases Discounts $1,770$ Credit

$611$ Salaries Expense$$Sales $45,000$ Debit

$614$ Store Supplies Expense $2,280$ Debit

$617$ Depreciation Expense$$Store Equipment $1,480$ Debit

$631$ Rent Expense $13,200$ Debit

$634$ Utilities Expense $2,970$ Debit

$637$ Salaries Expense$$Office $20,800$ Debit

$640$ Payroll Taxes Expense $5,700$ Debit

$643$ Depreciation Expense$$Office Equipment $540$ Debit

$646$ Uncollectible Accounts Expense $690$ Debit

$691$ Interest Expense $680$ Debit

The worksheet of Bridget's Office Supplies contains the following owner$$s equity accounts. No additional investments were made during the period.

Accounts

$301$ Bridget Swanson, Capital $ $63,460$ Credit

$302$ Bridget Swanson, Drawing $40,550$ Debit

Net income for the year $$42,755.$

Prepare a statement of owner's equity for the year ended December $31,20$X$1.$