The adjusted trial balance of Pharoah Company at December 31, 2022, includes the following accounts: Owner's Capital $17,100, Owner's Drawings $7,900, Service Revenue $36,900, Salaries and Wages Expense $16,800, Insurance Expense $1,500, Rent Expense $3,800, Supplies Expense $1,800, and Depreciation Expense $1,300. 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.) PHAROAH COMPANY Owner's Equity Statement $ : : $