14 15 1 16 17 18 19 LAMP LIGHT COMPANY Income Statement For the Year Ended December 31, 2016 21 Total revenues 27 31 32 Total expenses Net income 35 38 37 2 LAMP LIGHT COMPANY Statement of Owner's Equity For the Year Ended December 31,2016 40 41 42 Ted Hickman, capital, January 1,2018 Ted Hickman, capital, December 31, 2016 45 46 47 48 3. 49 LAMP LIGHT COMPANY Balance Sheet December 31, 2016 Assets Current liabilities Current assets Total labilities 58 58 60 Total current assets 62 64 65 Total property, plant, and equipment Total assets Total liabilities and owner's equity 67 Ready