Studio Photography, works weddings and prom-type parties. The balance of Ansel, capital was $16,000 at December 31, 2020. At December 31, 2021, the business's accounting records show these balances: $ $ Insurance expense Cash Accounts payable Advertising expense Service revenue Ansel, drawing 8,000 Accounts receivable 37,000 Note payable 7,000 Ansel, capital, Dec. 31, 2021 3,000 Salary expense 80,000 Equipment 13,000 owner investment, 2021 8,000 12,000 ? 25,000 50,000 29,000 Requirements 1. Prepare the following financial statements for Studio Photography for the year ended December 31, 2021: a. Income statement b. Statement of owner's equity c. Balance sheet