Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Sandhill invested $20,000 cash in the business. Purchased used truck for $9.100, paying $4,200 cash and the balance on account Purchased cleaning supplies for $2.200 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. Paid $2,600 cash for employee salaries. Collected $3,300 cash from customers billed on July 12. Billed customers $6,000 for cleaning services Paid $340 for the monthly gasoline bill for the truck Withdraw $5,500 cash for personal use. 20 21 25 31 31 Sandhill Clark opened Sandhill's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1 1 3 5 12 18 Sandhill invested $20,000 cash in the business. Purchased used truck for $9.100, paying $4,200 cash and the balance on account Purchased cleaning supplies for $2.200 on account Paid $1,680 cash on a 1-year insurance policy effective July 1. Billed customers $4,600 for cleaning services. Paid $1,600 cash on amount owed on truck and $1,300 on amount owed on cleaning supplies. Paid $2,600 cash for employee salaries. Collected $3,300 cash from customers billed on July 12. Billed customers $6,000 for cleaning services Paid $340 for the monthly gasoline bill for the truck Withdraw $5,500 cash for personal use. 20 21 25 31 31 SANDHILL'S CLEANING SERVICE Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue Expenses Gasoline Expense $ 340 Salaries and Wages Expense 2000 Depreciation Expense Insurance Expense Supplies Expense Total Expenses $ Net Income /(Loss) Prepare the owner's equity statement for July. (List items that increase owner's equity first.) SANDHILL'S CLEANING SERVICE Owner's Equity Statement $