P1-5A Financial statement information about four different companies is as follows. Instructions (a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity =$45,000.) (b) Prepare the owner's equity statement for Ramirez Company. (c) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner's equity statement to the income statement and balance sheet. P1-5A Financial statement information about four different companies is as follows. Instructions (a) Determine the missing amounts. (Hint: For example, to solve for (a), Assets - Liabilities = Owner's equity =$45,000.) (b) Prepare the owner's equity statement for Ramirez Company. (c) Write a memorandum explaining the sequence for preparing financial statements and the interrelationship of the owner's equity statement to the income statement and balance sheet