The adjusted trial balance of Pharoah Company at December $31,2022,$ includes the following accounts: Owner's Capital $$16,300,$

Owner's Drawings $$7,900,$ Service Revenue $$37,600,$ Salaries and Wages Expense $$16,000,$ Insurance Expense $$2,700,$ Rent Expense

$$4,600,$ Supplies Expense $$2,400,$ and Depreciation Expense $$1,800.$ The balance in Owner's Capital is the balance as of $1.$

Prepare an owner's equity statement for the year assuming net income is $$10,100$ for the year. $($List items that increase owner's equity

first.$)$

PHAROAH COMPANY

Owner's Equity Statement

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