Financial information related to Udder Products Company, a proprietorship, for the month

ended April 30, 2019, is as follows:

Net income for April ...................................................... $166,000

Mark Kominksy's withdrawals during April .................... 25,000

Mark Kominksy's capital, April 1, 2019 ......................... 384,500

a. Prepare a statement of owner's equity for the month ended April 30, 2019.

b. Why is the statement of owner's equity prepared before the April 30, 2019,

balance sheet?