Accounting Cycle Step 7: Statement of Owner's Equity
Channel: ProfAlldredge
Date: 05/01/2015

Preparing financial statements is the 7th step in the accounting cycle.  The information comes from the adjusted trial balance.  The financial statements are prepared in the following order: 1) Income Statement, 2) Statement of Owner's Equity for sole-proprietorship business, 3) Classified Balance Sheet, and 4) Statement of Cash Flows, although this is rarely prepared in a beginning financial accounting course as students haven't learned enough yet to properly prepare one. 
This video shows how to prepare a Statement of Owner's Equity.
@ProfAlldredge 
For best viewing, switch to 1080p