The adjusted trial balance of Sheridan Company at December 31, 2022, includes the following accounts: Owner's Capital $17,700, Owner's Drawings $7,400, Service Revenue $36,000, Salaries and Wages Expense $15,200, Insurance Expense $2,900, Rent Expense $3,800, Supplies Expense $2,300, 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 $10,500 for the year. (List items that increase owner's equity first.)