The financial statement columns of the worksheet for Booer Company as of December 31, 2016 are as follows: BOOER COMPANY Worksheet For the Year Ended December 31, 2016 Income Statement Debit Credit Balance Sheet Debit Credit Accounts 10,000 26,000 4.500 7,000 41,000 4,800 7,500 Cash.. Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Patents Accounts Payable Notes Payable (due 2018) Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Depreciation Expense Insurance Expense Interest Expense 22,200 20,000 45,300 4,200 26,400 5,200 4,800 5,000 3,500 Totals 18.500 26,400 100,200 92.300 Net Income 7,900 26.400 7.900 100.200 26.400 100.200 Instructions 1. Calculate the balance of Owner's Capital that would appear on a balance sheet at December 31, 2016. 2. Prepare a balance sheet for Booer Company, assuming the note payable is a long-term liability