Use the following information to answer SI-12 through S1-14. Elegant Arrangements has just completed operations for the year ended December 31, 2014. This is the third year of operations for the company. The following data have been assembled for the business: $ 4,000 74,000 $42,000 6,800 Salaries Expense Accounts Payable Office Supplies Rose, Withdrawals 1,100 Insurance Expense Service Revenue Utilities Expense Rent Expense Rose, Capital, Jan 1, 2014 Cash 2,100 3,900 13,000 10,500 4,700 Accounts Receivable 5,500 Equipment 15,000 S1-12 Preparing the income statement Prepare the income statement of Elegant Arrangements for the year ended December 31, 2014. S1-13 Preparing the statement of owner's equity Prepare the statement of owner's equity of Elegant Arrangements for the year ended December 31, 2014. S1-14 Preparing the balance sheet Prepare the balance sheet of Elegant Arrangements as of December 31, 2014. 1-103