Carla Vista's Home Renovations was started in 2008 by Jim Carla Vista. Jim operates the business from an office in his home Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021 Accounts payable $8,122 Operating expenses $3,097 Accounts receivable 10.723 Prepaid insurance 1,744 Cash 7.402 Salaries expense 89.355 Equipment 29.750 Service revenue 155,682 Insurance expense 3,288 Supplies 581 Interest expense 1,173 Supplies expense 19,270 J. Carla Vista, drawings 44,845 Unearned revenue 14,494 Notes payable 30,802 Vehicles 42,670 Jim's capital at the beginning of 2021 was $44,798. He made no investments during the year. Prepare the income statement. CARLA VISTA'S HOME RENOVATIONS Income Statement Year Ended December 31, 2021 - Revenues Service Revenue 155682 Expenses Salaries Expense 89355 Operating Expense 3097 Supplies Expense 19270 Insurance Expense 3288 Interest Expense 1173 116113 Total Expenses $ 39569 J. Carla Vista, Capital, December 31 : Prepare the owner's equity statement. (List items that increase owner's equity first.) CARLA VISTA'S HOME RENOVATIONS Statement of Owner's Equity Year Ended December 31, 2021 J. Carla Vista, Capital, January 1 $ 44798 Add : Expenses . 39569 84367 Less : J. Carla Vista, Drawings 4 44845 J. Carla Vista, Capital, December 314 $ 39522 Prepare the balance sheet. CARLA VISTA'S HOME RENOVATIONS Balance Sheet Assets $ . . 4 Liabilities and Owner's Equity Liabilities and Owner's Equity $ $