January 1, 2022 Assets $78,000 $93,000 132000 (8) Liabilities 48,000 52000 (d) 83,000 Owner's equity 30000 (a) 41,000 49,000 December 31, 2022 Assets 109000 (b) 110,000 172,000 Liabilities 61,000 71,000 87000 (h Owner's equity 48,000 39000 (el 85,000 Owner's equity changes in year Additional investment 12000 (c) 9,000 10,500 16,000 42000 ( Drawings 12,400 415,000 397900 () Total revenues 351,000 329,000 384,000 Total expenses 360,000 $78,000 $93,000 $ 132000 (8 $140,000 48.000 52000 (d) 83,000 46000 () (a) 41,000 49,000 94,000 109000 (b) 110,000 172,000 247000 61,000 71,000 87000 (h) 100,000 48,000 39000 (e) 85,000 147,000 12000 (c) 9,000 10,500 10,000 16,000 42000 (0 12,400 12,000 397900 415,000 351,000 491,000 (0) 436000 (1) 360,000 329,000 384,000 Prepare the owner's equity statement for Sheridan Company (List items that increase owner's equity first.) SHERIDAN COMPANY Owner's Equity Statement For the Month Ended December 31, 2022 $ Less $