Make a balance sheet for barber company

Income statement-

Revenue
Sales	$500,000
Total Revenue	$500,000

Expenses	Amount
Cost of Goods Sold	$150,000
Marketing Expenses	$75,000
Rent and Utilities	$50,000
Salaries and Wages	$100,000
Insurance	$5,000
Total Expenses	$380,000

| Net Income | $120,000 |

Statement of Owner's Equity (Pro Forma)

Statement of Owner's Equity for Barber Company

As of December 31, 2022

Owner's Equity at the Beginning of the Year: $300,000

Net Income for the Year: $120,000

Less: Dividends Paid: $20,000

Owner's Equity at the End of the Year: $400,000