The adjusted trial balance of Ivanhoe Company at December 31, 2020, includes the following accounts: Owner's Capital $17,100, Owner's Drawings $7,500, Service Revenue $36,500, Salaries and Wages Expense $15,400, Insurance Expense $2,100, Rent Expense $4,400, Supplies Expense $1,100, and Depreciation Expense $1,800. The balance in Owner's Capital is the balance as of January 1. Prepare an owner's equity statement for the year assuming net income is $11,700 for the year. (List items that increase owner's equity first.) IVANHOE COMPANY Owner's Equity Statement