The adjusted trial balance of Sandhill Company at December 31, 2022, includes the following accounts: Owner's Capital $17,400, Owner's Drawings $7,200, Service Revenue $38,700, Salaries and Wages Expense $16,900, Insurance Expense $1,700, Rent Expense $5,000, Supplies Expense $1,800, and Depreciation Expense $1,100. 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 $12,200 for the year. (List items that increase owner's equity first.) Revenues SANDHILL COMPANY Owner's Equity Statement For the Year Ended December 31, 2022 eTextbook and Media