The adjusted trial balance of Sunland Company at December 31, 2020, includes the following accounts: Owners Capital $16,900, Owners Drawings $7,600, Service Revenue $36,800, Salaries and Wages Expense $15,400, Insurance Expense $2,100, Rent Expense $4,400, Supplies Expense $1,000, and Depreciation Expense $1,200. The balance in Owners Capital is the balance as of January 1.

Prepare an owners equity statement for the year assuming net income is $12,700 for the year.