1. Abdulla Hussein opens her own law office on July 1, 2020. During the first month of operations, the following transactions occurred. Prepare a tabular presentation and financial statements. (7 Marks) 1. Abdulla Hussein invested $38,500 in cash in the law practice. 2. Abdulla Hussein conducted a business meeting with his HR team to recruit new employees and their salary on 15th July. 3. Paid $2,800 for July rent on office space. 4. Purchased Furniture on account $10,500. 5. Performed legal services for clients for cash $5,250. 6. Borrowed $2.450 cash from a bank on a note payable. 7. Performed legal services for client on account $7.000. 8. Paid monthly expenses: salaries and wages $1.750, utilities $1,050, and advertising $350. 9. Abdulla Hussein withdrew $3,500 cash for personal use. Instructions: a. Prepare a tabular summary of the transactions. (3 Marks) b. Prepare the income statement, 12 Marks) C. owner's equity statement. (2 Marks)