The following accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. Cash 176,eee 16, cee 1,600 Equipment 66,000 Accounts Receivable 19,880 (6) (a) (d) (F) 1,680 32,000 560 9,6ee 3,6ee Accounts Payable (c) Supplies 32,eee Scott Hamilton, Capital (a) 66, mee (b) 176,000 Fees Income Telephone Expense 560 (d) Scott Hamilton, Drawing (i) 3,680 16,eee 10, see Salaries Expense (h) 9,600 Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 20X1. Complete this question by entering your answers in the tabs below. Stmt of Owners Eqty Balance Sheet Prepare a statement of owner's equity for Residential Relocators as of December 31, 20x1. RESIDENTIAL RELOCATORS Statement of Owner's Equity Month Ended December 31, 20X1 Scott Hamilton, Capital, Dec. 1. 20X1 $ 170,000 Net income for December Less: Withdrawals for December 3.600 (3.600) Increase in Capital Scott Hamilton, Capital, Dec. 31. 20X1 $ 172,400 The following T accounts show transactions that were recorded by Residential Relocators, a firm that specializes in local housing rentals. The entries for the first transaction are labeled with the letter (a), the entries for the second transaction with the letter (b), and so on. Equipment 66, 80e (a (d) Cash 176,000 16,00 1,600 Accounts Receivable 10,8ee (6) (c) (f) 1,600 (b) (e) 32, eee 560 9,6ee 3,600 Accounts Payable (c) Supplies 32,800 Scott Hamilton, Capital (a) 66,000 (b) 176,000 Fees Income Telephone Expense 560 Scott Hamilton, Drawing 3,6ee (d) (f) 16,000 10,800 Salaries Expense 9,6ee (h) Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 20X1. Complete this question by entering your answers in the tabs below. Stmt of Owners Eqty Balance Sheet Prepare a balance sheet for Residential Relocators as of December 31, 20x1. RESIDENTIAL RELOCATORS Balance Sheet December 31, 20X1 Assets Liabilities Owner's Equity Total Assets S 0 Total Liabilities and Owner's Equity S 0