Prepare a statement of owners equity

The worksheet of Bridget's Office Supplies contains the following revenue, cost, and expense accounts. The merchandise inventory amounted to $57,775 on January 1, 2019, and $50,725 on December 31, 2019. The expense accounts numbered 611 through 617 represent selling expenses, and those numbered 631 through 646 represent general and administrative expenses.
 

	Accounts
401	Sales	$	243,600	Cr.
451	Sales Returns and Allowances		4,150	Dr.
491	Miscellaneous Income		200	Cr.
501	Purchases		101,600	Dr.
502	Freight In		1,775	Dr.
503	Purchases Returns and Allowances		3,400	Cr.
504	Purchases Discounts		1,600	Cr.
611	Salaries Expense—Sales		43,300	Dr.
614	Store Supplies Expense		2,110	Dr.
617	Depreciation Expense—Store Equipment		1,310	Dr.
631	Rent Expense		11,500	Dr.
634	Utilities Expense		2,800	Dr.
637	Salaries Expense—Office		19,100	Dr.
640	Payroll Taxes Expense		4,000	Dr.
643	Depreciation Expense—Office Equipment		370	Dr.
646	Uncollectible Accounts Expense		520	Dr.
691	Interest Expense		340	Dr.

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	$	61,760	Cr.
302	Bridget Swanson, Drawing		41,200	Dr.

Net income for the year $48,875.

Prepare a statement of owner's equity for the year ended December 31, 2019.

	BRIDGET'S OFFICE SUPPLIES   Statement of Owner's Equity                             $0     $0