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$)184,000($b$)40,000$

$($d$)24,000($e$)640$

$($g$)2,400($h$)10,400$

$($i$)4,400$

Equipment

$($c$)74,000$

Accounts Receivable

$($f$)8,800($g$)2,400$

Accounts Payable

$($c$)74,000$

Supplies

$($b$)40,000$

Scott Hamilton, Capital

$($a$)184,000$

Fees Income

$($d$)24,000$

$($f$)8,800$

Telephone Expense

$($e$)640$

Scott Hamilton, Drawing

$($i$)4,400$

Salaries Expense

$($h$)10,400$

Required:

Prepare a statement of owner$$s equity and a balance sheet for Residential Relocators as of December $31,20$X$1.$