The assets, liabilities, and equities of Damon Design Studio have the following balances at December 31, 2018. The owner, Eric Damon, began the year with a $39,000 capital balance, contributed $13,000, and withdrew $57,000 during the year. (Click the icon to view the account balances.) (Click the icon to view the income statement for the year.) (Click the icon to view the statement of owner's equity for the year.) Prepare the balance sheet for Damon Design Studio as of December 31, 2018. (If a box is not used in the table leave the box empty; do not select a label or enter a zero.) Assets Liabilities Owner's Equity - Data Table $ 14,000 Office Furniture 48,400 Notes Payable Rent Expense 23,000 7,200 Utilities Expense Accounts Payable Cash 3,200 3,600 5,100 Service Revenue 154,600 Office Supplies Salaries Expense 65,000 Accounts Receivable 9,300 Property Tax Expense 2,200 Miscellaneous Expense 3,800 Print Done - Reference Damon Design Studio Income Statement Year Ended December 31, 2018 Revenues: Service Revenue $ 154,600 Expenses: Salaries Expense Rent Expense Utilities Expense Miscellaneous Expense 65,000 23,000 7,200 3,800 2,200 Property Tax Expense Total Expenses 101,200 $ 53,400 Net Income Print Done - Reference Damon Design Studio Statement of Owner's Equity Year Ended December 31, 2018 Damon, Capital, January 1, 2018 39,000 Owner contribution 13,000 53,400 Net income for the year 105,400 (57,000) Owner withdrawal $ 48,400 Damon, Capital, December 31, 2018 Print Done