The Adjusted Trial Balance Data Given Below Is from the Saugatuck

Essay

The adjusted trial balance data given below is from the Saugatuck Craft's worksheet for the year ended December 31, 2013. The firm had a net loss of $30,000 for the year. Prepare a statement of owner's equity for the year. No additional investments were made during the period. $$\begin{array}{l}\text { ADJUSTED TRIAL BALANCE }\\\begin{array} { | l | r | r | } \hline { \text { ACCOUNT NAME } } & \text { DEBIT } & { \text { CREDIT } } \\\hline \text { Sally Saugatuck, Capital } & & 52,000 \\\hline \text { Sally Saugatuck, Drawing } & 3,000 & \\\hline\end{array}\end{array}$$