Elegant 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) Prepare the income statement of Elegant Arrangements for the year ended December 31, 2016. (if a box is not used in the table leave the box omply do not selecta tabel or enter a zero.) Elegant Arrangements Balance Sheet Income Statement Statement of Owner's Equity December 31, 2016 Year Ended December 31, 2016 Net Income UUDG55. puny. TUU on to view the assembled data.) me statement of Elegant Arrangements for the year ended December 31, 2016. (If a box is not used in the table leave the box empty: do zero.) Data Table $ 6,500 $ 44,000 74,000 7,400 Insurance Expense Service Revenue Utilities Expense Rent Expense Jack, Capital, Jan 1, 2016 Cash 900 2.300 Salaries Expense Accounts Payable Office Supplies Jack, Withdrawals Accounts Receivable Equipment 13,000 2,600 11,000 6,500 5,800 10,800 Print Done