Question 3 Sandhill's Home Renovations was started in 2008 by Jim Sandhill Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021: Accounts payable $7,830 Operating expenses $3,133 Accounts receivable 9,806 Prepaid Insurance 1,981 Cash 7,572 Salaries expense 87,392 Equipment 29,520 Service revenue 157,520 Insurance expense 2,754 Supplies 695 Interest expense 1,494 Supplies expense 20,341 3. Sandhill, drawings 45,169 Unearned revenue 14,982 Notes payable 130,456 Vehicles 42,450 Jim's capital at the beginning of 2021 was $41,519. He made no investments during the year. Question 3 Sandhill's Home Renovations was started in 2008 by Jim Sandhill Jim operates the business from an office in his home. Listed below, in alphabetical order, are the company's assets and liabilities as at December 31, 2021, and the revenues, expenses, and drawings for the year ended December 31, 2021: Accounts payable $7,830 Operating expenses $3,133 Accounts receivable 9,806 Prepaid Insurance 1,981 Cash 7,572 Salaries expense 87,392 Equipment 29,520 Service revenue 157,520 Insurance expense 2,754 Supplies 695 Interest expense 1,494 Supplies expense 20,341 3. Sandhill, drawings 45,169 Unearned revenue 14,982 Notes payable 130,456 Vehicles 42,450 Jim's capital at the beginning of 2021 was $41,519. He made no investments during the year