The following T accounts show transactions that were recorded on December 31, 201 by Residential Rental Consultant, 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. Prepare a statement ot owner's equity and a balance sheet tor Residential Rental Consultants as of December 31, 201. Hint. Net income for December is $16,640. Prepare a statement of owner's equity and a balance sheet for Residential Rental Consultants as of December 31,20X Hint. Net income for December is $16,640. Complete this question by entering your answers in the tabs below. Prepare a statement of owner's equity for Residential Rental Consultants as of December 31,201. Required: Prepare a statement of owner's equity and a balance sheet for Residential Rental Consultants as of December 31, 2 Hint. Net income for December is $16,640. Complete this question by entering your answers in the tabs below. Prepare a balance sheet for Residential Rental Consultants as of December 31,20X1