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. Cash (a) 176,000 (b) 32,000 (c) Equipment 66,000 (d) 16,000 (e) 560 (B) 1,600 (h) 9,600 (1) 3,600 Accounts Payable Supplies (c) 66,000 (b) 32,000 (f) Accounts Receivable 10,800 (8) 1,600 Scott Hamilton, Capital (a) 176,000 Fees Incone Telephone Expense Scott Hamilton, Drawing (d) (f) 16,000 10,800 (e) 560 (1) 3,600 (h) Salaries Expense 9,600 Required: Prepare a statement of owner's equity and a balance sheet for Residential Relocators as of December 31, 20X1. Stmt of Balance Sheet Owners Eqty 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 Stmt of Owners Eqty 0 0 Balance Sheet > k ht 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 $ 0 Total Liabilities and Owner's Equity $ 0 < Stmt of Owners Eqty Balance Sheet >