What would be the correct statement of owner's equity based on the attached journal entries?

May-17 Debit Cash 1 50,000.00 Credit Owner's Equity: May 02 Debit Furniture & Fixtures: Fixed Assets Credit Cash May 02 Debit Supplies: Inventory/Stock Credit Accounts payable May 08 Debit Petty Cash Credit Cash May 12 Debit Miscellaneou/Sundry Expense: P&L Credit Accounts payable May 13 Debit Advertising expense: P&L Credit Cash May 15 Debit Accounts receivable Debit Cash Credit Sales revenue/Turnover: P&L May 15 Debit Gross wages expense: P&L Credit Federal income tax payable Credit State income tax payable Credit Insurance premium Credit Net wages payable May 15 Debit Net wages payable Credit Cash May 17 Debit Accounts payable Credit Cash May 19 Debit Cash Credit Accounts receivable May 22 Dr. Cash Credit Unearned revenue; Current liability May 22 Debit Life insurance premium payable Credit Cash May 25 Debit Supplies expense Debit Postage 50,000.00 2 11,000.00 11,000.00 3 1,450.00 1,450.00 4 400.00 400.00 5 350.00 350.00 6 505.00 505.00 7 3,350.00 4,000.00 7,350.00 8 3,000.00 337.00 130.00 65.00 2,468.00 9 2,468.00 2,468.00 10 800.00 800.00 11 1,200.00 1,200.00 12 2,000.00 2,000.00 13 65.00 65.00 14 157.00 83.00 Debit Sundry expenses Credit Petty Cash May 25 Debit Petty cash Credit Cash May 29 Debit Rent expense Credit Cash May 30 Debit Telephone expense Credit Cash May 30 Debit Electricity expense Credit Cash May 30 Debit Gross wages expense: P&L Credit Federal income tax payable Credit State income tax payable Credit Insurance premium Credit Net wages payable May 30 Debit Net wages payable Credit Cash May 31 Debit Accounts receivable Debit Cash Credit Sales revenue/Turnover May 31 Debit Drawings: Molly Fabrizio: Owner's Equity Credit Cash 65.00 305.00 15 305.00 305.00 16 1,620.00 1,620.00 17 220.00 220.00 18 315.00 315.00 19 3,500.00 389.00 156.00 70.00 2,885.00 20 2,885.00 2,885.00 21 1,600.00 7,600.00 9,200.00 22 4,000.00 4,000.00