25. Which account below is not a subdivision of owner's equity? a. Drawings b. Revenues c. Expenses d. Liabilities 26 & 27 The following information relates to Molly Mae Co. for the year 2016. Owner's Capital, January 1, 2016 Drawings during 2016 Service revenue Salaries and wages expense $ 64,000 5,700 58,500 29,000 Advertising expense $6,500 Rent expense 8,500 Utilities expense 1,500 Instructions After analyzing the data, prepare an income statement and an owner's equity statement for the ar ending December 31, 2016 Guoso 27 Extra Credit: At June 1, 2014, Coquehcot Industries had an accounts receivable balance of $12,000. During the month, the company performed credit services of $30,000 and collected accounts receivable of $22,000. What is the balance in accounts receivable at June 30, 2014? the balance should be $42,000