(a2) Prepare an owner's equity statement. (List items that increase owner's equity first.) PHAROAH COMPANY Owner's Equity Statement The completed financial statement columns of the spreadsheet for Pharoah Company are shown as follows: Pharoah Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,800 112 Accounts Receivable 10,800 130 Prepaid Insurance 2,800 157 Equipment 24,400 158 Accumulated Depreciation-Equip. 4,400 201 Accounts Payable 8,900 212 Salaries and Wages Payable 2,200 301 Owner's Capital 19,200 306 Owner's Drawings 10,100 400 Service Revenue 60,400 622 Maintenance and Repairs Expense 1,800 711 Depreciation Expense 3,300 722 Insurance Expense 1,800 726 Salaries and Wages Expense 30,100 732 Utilities Expense 1,200 Totals 38,200 60,400 56,900 34,700 Net Income 22,200 22,200 60,400 60,400 56,900 56,900 (a1)