[In this section you will discuss the process you used to generate accurate financial statement results for the business owner from the list of business transactions provided. Explain what is being communicated through each of the financial statements you prepared (income statement, statement of equity and balance sheet) and how this information will be used in business decision making and planning.] Owner's Equity Non-Current Assets: Furniture \begin{tabular}{|l|r|} \hline Owners Capital & 17,750.00 \\ \hline Retained Earnings & 2724.17 \\ \hline & \\ \hline Total Equity & 20,474.17 \\ \hline \end{tabular} [In this section you will discuss the process you used to generate accurate financial statement results for the business owner from the list of business transactions provided. Explain what is being communicated through each of the financial statements you prepared (income statement, statement of equity and balance sheet) and how this information will be used in business decision making and planning.] Owner's Equity Non-Current Assets: Furniture \begin{tabular}{|l|r|} \hline Owners Capital & 17,750.00 \\ \hline Retained Earnings & 2724.17 \\ \hline & \\ \hline Total Equity & 20,474.17 \\ \hline \end{tabular}