The adjusted trial balance for Pharoah Company is shown below. After Adjustment Dr. Cr. $10,400 9,900 600 PHAROAH COMPANY Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,400 Accounts Receivable 8.900 Supplies 2,400 Prepaid Insurance 3.700 Equipment 12,100 Accumulated Depreciation Equipment $3,700 Accounts Payable 5.900 Salaries and Wages Payable 0 Unearned Rent Revenue 1,500 Owner's Capital 13,000 Service Revenue 33,900 Rent Revenue 11,200 16,900 0 14,800 2,600 12.100 $ 4,600 5,900 1,400 600 13,000 34,900 12,100 Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 0 18,300 1,800 14,800 1,100 900 $72,500 0 $69,200 $69,200 $72,500 Prepare the owner's equity statement for the year. PHAROAH COMPANY Owner's Equity Statement $ .: $