i Data Table nal Inth $ $ 39,000 5,800 Insurance Expense Service Revenue Utilities Expense Rent Expense Abby, Capital, Jan. 1, 2016 6,500 70,000 880 7,000 11,500 2,000 5 Salaries Expense Accounts Payable Office Supplies Abby, Withdrawals Accounts Receivable Equipment 5,000 5,000 Cash 4,400 17,600 Centerpiece Arrangements Income Statement Year Ended December 31, 2016 Revenues: Service Revenue $ 70,000 39,000 Expenses: Salaries Expense Rent Expense Insurance Expense 7,000 6,500 800 Utilities Expense Total Expenses 53,300 Net Income $ 16,700 Centerpiece 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 loon to view the income statement.) Prepare the statement of owner's equity of Centerpiece Arrangements for the year ended December 31, 2016, Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. Assume the owner made no additional contributions during the year (Complete all answer boxes. For entries with a $0 balance, make sure to enter "Oin the appropriate column. Use a minus sign or parentheses to show a decrease in capital) Abby, Capital, January 1, 2016 Abby, Capital, December 31, 2016