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, 2016 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-term) Blume, Capital Blume, Withdrawals 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 upplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Building Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Blume, Capital Blume, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Depreciation Expense-Equipment Depreciation Expense-Building Total 3,790 4,600 28,000 $ 6,500 56,100 25,000 42,000 1,200 3,500 1,300 30,100 30,000 2,500 75,800 800 15,700 1,600 1,200 2,000 1,900 $ 215,400 $ 215,400