These financial statement items are for Sheridan Company at year-end, July 31, 2022. Salaries and wages payable $1,500 Notes payable (due after 2023) $2,000 Salaries and wages expense 52,000 Cash 13,700 Utilities expense 22,600 Accounts receivable 9,400 Equipment 31,300 Accumulated depreciation-equipment 6,300 Accounts payable 4,800 Owner's drawings 4,500 Service revenue 60,900 Depreciation expense 4,400 Rent revenue 8,600 Owner's capital (beginning of the year) 53,800 Prepare an owner's equity statement for the year. The owner did not make any new investments during the year. SHERIDAN COMPANY Owner's Equity Statement $ e Textbook and Media