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The assets, liabilities, and equities of Darling Design Studio have the following balances at December 31, 2018. The owner, Paul Earnest, began the year with

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The assets, liabilities, and equities of Darling Design Studio have the following balances at December 31, 2018. The owner, Paul Earnest, began the year with a $38,000 capital balance, contributed $15,000, and withdrew $54,400 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 Darling 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 i Data Table $ Notes Payable Rent Expense Cash 10,200 Office Furniture 22,000 Utilities Expense 3,700 Accounts Payable 4,600 Service Revenue 68,000 Accounts Receivable 1,700 Miscellaneous Expense 24,000 6,900 3,800 130,800 7,900 4,600 Office Supplies Salaries Expense Property Tax Expense Print Done

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