Question: The adjusted trial balance for Sheridans Animations is presented below.

The adjusted trial balance for Sheridan's Animations is presented below. Credit SHERIDAN COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $4,000 Accounts receivable 4,200 Prepaid expenses 2,800 Equipment 46,000 Accumulated depreciation equipment Accounts payable Unearned revenue M. Sheridan, capital M. Sheridan, drawings 20,000 Service revenue Rent expense 8,600 Salaries expense 24,900 Supplies expense 2,000 Depreciation expense 5,750 $118,250 $17,250 5,200 10,000 24,200 61,600 $118,250 Prepare a statement of owner's equity for the year. Mr. Sheridan invested $5,100 cash in the business during the year. (List items that increase owner's equity first.) SHERIDAN COMPANY Statement of Owner's Equity $ e Textbook and Media Prepare an income statement for the year. Mr. Sheridan invested $5,100 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SHERIDAN COMPANY Income Statement Month Ended December 31, 2021 Revenues Service Revenue $ 61600 Expenses Supplies Expense $ 8600 Rent Expense > 24900 Salaries Expense 5750 Total Expenses 41250 Revenues $ $ Liabilities and Owner's Equity > > $ e Textbook and Media