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) $1,600 Salaries and wages expense 52,000 Cash 13,100 Utilities expense 22,100 Accounts receivable 10,500 Equipment 31,200 Accumulated depreciation-equipment 6,100 Accounts payable 4,500 Owner's drawings 3,300 Service revenue 62,900 Depreciation expense 4,400 Rent revenue 8,600 Owner's capital (beginning of the year) 51,400 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