Consider the following abbreviated financial statements for Cabo Wabo, Inc.:

What is owners' equity for 2015 and 2016?

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CABO WABO, INC Partial Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Current assets $ 2,718 2,881 Current liabilities Net fixed assets 2,602 13,175 Long-term debt Liabilities and Owners' Equity $1,174 $1,726 6,873 8,019 CABO WABO, INC. 2016 Income Statement Sales Costs Depreciation Interest paid $40,664 20,393 3,434 938