PROBLEM A: These items are taken from the financial statements of Steve Nols, CPA for 2016. Steve Nols, CPA (beginning of year) 32,000 Steve Nols, CPA Withdrawals 3,000 Utilities expense 2,000 Equipment, net of accumulated depreciation Accounts payable 15,300 Cash 8,900 Notes payable (due January 2020) 3,000 Service revenue 74,000 Prepaid insurance 3,500 Repair expense 1,800 Depreciation expense 3,300 Accounts receivable 14,200 Insurance expense 2,200 Salaries and wages expense47,000 38,400 Instructions: Prepare a single step income statement, an owner's equity statement, and a classified balance sheet as of December 31, 2016