Geddes Garage offers automotive services to its customers in Winnipeg. Selected accounts from the ledger for the current year ended December 31, 2022 are as follows. Use this information to prepare a statement of owner’s equity for the year ended December 31, 2022:

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Dec. 31 D. Geddes, Capital 12,000 300,000 160,000 Jan. 1 Dec. 31 Dec. 31 Dec. 31 D. Geddes, Withdrawals May 31 Jul. 13 Dec. 31 4,000 12,000 Dec. 31 4,000 4,000 Income Summary 160,000 320,000 Dec. 31 160,000