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 LA

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 owmer's equity statement for the year assuming net income is $11,700 for the year. (List items that increase owner's equity first.)