8. Use the following information to calculate for the year ended December 31, 2017 (a) net income, (b) ending owner's equity, and (c) total assets. Supplies Operating expenses Accounts payable Accounts receivable Beginning Capital $3,000 11,000 9,000 3,000 5,000 Revenues Cash Drawings Notes payable Equipment $25,000 15,000 1,000 2,000 8,000