Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2016: (Click the icon to view the accounts and balances.) (Click the icon to view the multi-step income statement.) Requirements 1. Prepare Camilia Communications's statement of owner's equity for the year ended July 31, 2016. Assume that there were no additional contributions or withdrawals during the year and that the business began on August 1, 2015 2. Prepare Camilia Communications's classified balance sheet at July 31, 2016. Use the report format. Data Table Current Assets Cash Accounts Receivable Cash $ $ 19,300 Merchandise Inventory 4,000 Cost of Goods Sold 1,500 Equipment, net 4,800 Accrued Liabilities 12,500 1,200 760 Sales Revenue 48,000 Selling Expenses Account Payable Camilia, Capital, August 1, 2015 Notes Payable, long-term Merchandise Inventory Administrative Expenses Sales Returns and Allowances 3,600 60 800 Accounts Receivable 1,300 Interest Expense 2,800 Sales Discounts 6,800 3,700 Choose from any list or enter any number in the input fields and then click Check