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Serenity Systems Co. offers its services to residents in the Minneapolis area. Selected accounts from...

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Accounting

Serenity Systems Co. offers its services to residents in the Minneapolis area. Selected accounts from the ledger of Serenity Systems Co. for the fiscal year ended December 31,20Y1, are as follows:Farhan Wasti, CapitalDec. 3185,600Jan. 1(20Y1)1,343,000Dec. 31353,000Farhan Wasti, DrawingMar. 3121,400Dec. 3185,600June 3021,400Sept. 3021,400Dec. 3121,400Required:Prepare a statement of owners equity for the year. No additional investments were made during the year. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. If a net loss has been incurred or there has been a decrease in owners equity, enter that amount as a negative number using a minus sign.LabelsDecember 31,20Y1For the Year Ended December 31,20Y1Amount DescriptionsDecrease in owners equityFarhan Wasti, capital, December 31,20Y1Farhan Wasti, capital, January 1,20Y1Increase in owners equityNet incomeNet lossWithdrawals
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