(b) Your answer is partially correct. Prepare the owner's equity statement for Sandhill Company. (List items that increase owner's equity first.) SANDHILL COMPANY Owner's Equity Statement December 31, 2022 Owner's Capital, January 1 30000 Add : Revenues 110000 Net Income /(Loss) 49000 Less : Expenses 329000 Owner's Capital, December 31 e Textbook and Media Save for Later Attempts: 1 of 5 used Submit Answer (a) Your answer is correct Determine the missing amounts. (Hint: For example, to solve for (a). Assets - Liabilities - Owner's equity = $30,000.) Sandhill Company Wildhorse Company Blossom Company January 1 2022 $ Assets $92,000 136000 $80,000 Liabilities 50,000 52000 (d) 83,000 Owner's equity (a) 30000 53,000 40,000 December 31.2022 Assets Assets 110000 (b) 115,000 179,000 [ Liabilities 61,000 70,000 96000 ch) Owner's equity 49.000 45000 le) 83.000 Owner's equity changes in year Additional Investment 15000 (c) 6,000 11,500 Drawings 18,000 39000 (9 12,400 Total revenues 351.000 420,000 387900 ( Total expenses 329,000 382,000 357.000