The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory

amounted to $$58,675$ on January $1,20$X$1,$ and $$51,625$ 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.

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

during the period.

Net income for the year $$45,635.$

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

BRIDGET'S OFFICE SUPPLIES

Statement of Owner's Equity