Cash Accounts receivable Equipment Land Accounts payable Owner investments Mahomes, Withdrawals Net income $ 16,000 17,000 19,000 64,000 13,000 65,000 32,000 70,000 (a) Prepare its year-end statement of owner's equity. Hint Mahomes, Capital on January 1 was $0. (b) Prepare its year-end balance sheet, using owner's capital calculated in part a. Complete this question by entering your answers in the tabs below. CES Required A Required B Prepare its year-end statement of owner's equity. Hint: Mahomes, Capital on January 1 was $0. MAHOMES COMPANY Statement of Owner's Equity For Year Ended December 31 0 $ 0 Required Required B > Cash Accounts receivable Equipment Land Accounts payable Owner investments Mahomes, Withdrawals Net income $ 16,000 17,000 19,000 64,000 13,000 65,000 32,000 70,000 (a) Prepare its year-end statement of owner's equity. Hint Mahomes, Capital on January 1 was $0. (b) Prepare its year-end balance sheet, using owner's capital calculated in part a. Complete this question by entering your answers in the tabs below. Required A Required B Prepare its year-end balance sheet, using owner's capital calculated in part a. MAHOMES COMPANY Balance Sheet December 31 $ 0 $ 0