Decorating Arrangements has just completed operations for the year ended December 31, 2016. This is the third year of operations for the company. The following data have been assembled for the business (Click the icon to view the assembled data.) (Click the icon to view the income statement.) (Click on the icon to view the statement of owner's equity.) Prepare the balance sheet of Decorating Arrangements as of December 31, 2016. (If a box is not used in the table leave the box empty: do not select a label or enter a zero.) A Data Table Assets Liabilities $ $ Owner's Equity Insurance Expense Service Revenue Utilities Expense Rent Expense Richards, Capital, Jan. 1. 2016 Cash 2,000 80,000 500 11.000 Salaries Expense Accounts Payable Office Supplies Richards, Withdrawals Accounts Receivable Equipment 37.000 4.300 1,500 4.500 7.500 25,600 13.300 7,000 Print Done This Question: 1 pt 2 of 3 (2 complete) This Test: 3 pts possible 0 Decorating Arrangements has just completed operations for the year ended December 31, 2016. This is the third year of operations for the company. The following data have been assembled for the business: (Click the icon to view the assembled data. (Click the icon to view the income statement.) (Click on the icon to view the statement of owner's equity.) Prepare the balance sheet of Decorating Arrangements as of December 31, 2016. (If a box is not used in the table leave the box empty: do not select a label or enter a zero.) Assets Liabilities Owner's Equity 0 Data Table $ 37,000 Insurance Expense Service Revenue Utilities Expense Rent Expense Richards, Capital, Jan 1, 2016 Cash 2.000 Salaries Expense 80,000 Accounts Payable 500 Office Supplies 11,000 Richards, Withdrawals 13,300 Accounts Receivable 7.000 Equipment 4,300 1,500 4,500 7,500 28.800 Print Done