Sunland's Home Renovations was started in 2008 by Jim Sunland. 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 Accounts receivable Cash Equipment Insurance expense Interest expense J. Sunland, drawings Notes payable $7,866 10,835 8,416 28,829 Operating expenses Prepaid insurance Salaries expense Service revenue 3,750 Supplies 1,006 45,621 30,634 Supplies expense Unearned revenue Vehicles $ 3,076 1,798 88,857 158,377 773 20,157 14,123 42,710 Jim's capital at the beginning of 2021 was $44,828. He made no investments during the year. < < SUNLAND'S HOME RENOVATIONS Income Statement LA tA V: V: SUNLAND'S HOME RENOVATIONS Statement of Owner's Equity tA $ +A SUNLAND'S HOME RENOVATIONS Balance Sheet Assets $ LA Liabilities and Owner's Equity < < $ LA LA