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Amazing Arrangements has just completed operations for the year ended December 31, 2016. This is the third year of operations for the company. The following data have been assembled for the business Click the icon to view the assembled data.) Click the icon to view the income statement. Click on the icon to view the statement of owner's equity:) Prepare the balance sheet of Amazing Arrangements as of December 31, 2016. (If a box is not used in the table teave the box empty, do not select a label or enter a zero) Assets Liabilities Owner's Equity Data table $ $ 6,500 74,000 800 Insurance Expense Service Revenue Utilities Expense Rent Expense Rose, Capital, Jan. 1. 2016 Cash Salaries Expense Accounts Payable Office Supplies Rose, Withdrawals Accounts Receivable Equipment 44,000 7,200 1,800 2,100 6,500 12,000 11,500 6,800 12,200 ] Reference $ 74,000 Amazing Arrangements Income Statement Year Ended December 31, 2016 Revenues: Service Revenue Expenses: Salaries Expense Rent Expense Insurance Expense Utilities Expense Total Expenses $ 44,000 12,000 6,500 800 63,300 $ Net Income 10,700 J Reference Amazing Arrangements Statement of Owner's Equity Year Ended December 31, 2016 Rose, Capital, January 1, 2016 Owner contribution 11,500 0 10,700 Net income for the year 22,200 (2,100) Owner withdrawals $ 20,100 Rose, Capital, December 31, 2016

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