Requirement 2. Prepare the company's statement of owner's equity for the year ended December 31, 2016. Assume that there were no contributions made by the owner during the year. Enter any increases in capital prior to the subtotal and any decreases to capital below the subtotal. (Use a minus sign or parentheses to show a decrease in capital. Exclude any zero-balance events for the period from the statement of owner's equity.) Blume Irrigation System Statement of Owner's Equity Year Ended December 31, 2016 Blume, Capital, January 1, 2016 Blume, Capital, December 31, 2016 Blume Irrigation System Adjusted Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash $ 49,710 Accounts Receivable 47,500 Office Supplies 3,790 Prepaid Insurance 4,600 Equipment 28,000 Accumulated Depreciation Equipment $ 6,500 Building 56,100 Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-tarm) Blume, Capital Blume, Withdrawals Service Revenue 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 75,800 Insurance Expense Salaries Expense Supplies Expense 800 15,700 1,600 Interest Expense 1,200 Depreciation Expense-Equipment 2,000 1,900 Depreciation Expense-Building $ 216,400 $ 216,400 Total