The completed financial statement columns of the worksheet for Sandhill Company are shown as follows:

Sandhill Company

Worksheet

For the Year Ended December 31, 2020

Income Statement

Balance Sheet

Account

No.

Account Titles

Dr.

Cr.

Dr.

Cr.

101

Cash

9,100112

Accounts Receivable

10,700130

Prepaid Insurance

2,600157

Equipment

23,500158

Accumulated DepreciationEquip.

4,700201

Accounts Payable

8,900212

Salaries and Wages Payable

2,300301

Owner's Capital

19,900306

Owner's Drawings

11,800400

Service Revenue

59,600622

Maintenance and Repairs Expense

1,800711

Depreciation Expense

3,200722

Insurance Expense

1,600726

Salaries and Wages Expense

29,800732

Utilities Expense

1,300

Totals

37,70059,60057,70035,800Net Income

21,900

21,900

59,600

59,600

57,700

57,700

Prepare owner's equity statement.(List items that increase owner's equity first.)

SANDHILL COMPANY

Owner's Equity Statement

choose the accounting period

For the Year Ended December 31, 2020For the Month Ended December 31, 2020December 31, 2020

select an opening name

DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal Revenues

$enter a dollar amount

select between addition and deduction

AddLess

:select an item

DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter a dollar amount

enter a subtotal of the two previous amounts

select between addition and deduction

AddLess

:select an item

DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal Revenues

enter a dollar amount

select a closing name

DrawingsExpensesInvestmentsNet Income / (Loss)Owner's Capital, January 1Owner's Capital, December 31RevenuesTotal ExpensesTotal Revenues

$enter a total amount