Prepare a statement of owners equity.

An alphabetical list of Sandy Company adjusted accounts at its fiscal year end August 31 2021,follows,all accounts have normal balances.

Accounts payable 15550 Notes payable 42000

Accumulated depreciation-equipment 14000 Prepaid insurance 575

Accumulated depreciation furniture 17500 A sawyer capital 65750

Cash 21740 A sawyer drawings 80000

Cost of goods sold 269630 Rent expense 24900

Depreciation expense 7080 Salaries expense 50800

Equipment 35000 Salaries payable 2250

Furniture 42000 Sales 472000

Insurance expense 3575 Sales return and allowances 15000

Interest expense 3290 Supplies 950

Interest payable 565 Supplies expense 6325

Merchandise inventory 71350 Unearned revenue 2600

Additional information:

1. Of the notes payable 6100 becomes due on Feb 17,2022,The balance is due in 2023.

2.On July 18,2021, A Sawyer invested 3800 cash in the business.