1 Determine the changes to the income statement, balance sheet, job cost ledger, and equipment ledger based on the following transactions. Show each transaction graphically, then complete Section 2. Record a $18,444 bill received from a subcontractor for work performed at job 302, and you will withhold 10% of that bill Send an invoice to an owner for $20,082. The owner will withhold 10% retention. a. Record a bill for lumber used in job 302 in the amount of $6,157 b. C. Pay for office rent in the amount of $2,711 d. e. f. g. h. Pay a bill for concrete for job 302 in the amount of $6,924 i. Bill job 302 for backhoe 27 in the amount of $764 Record repairs to backhoe 27 in the amount of $495 Record depreciation for backhoe 27 in the amount of $524 Record a bill received for telephone service in the amount of $194 j. Section 2 Receive a check from an owner for progress payment for $22,709. No retention was withheld. For the current accounting period, using the percentage of completion accounting method and assuming no changes other than those listed above, what are you now showing for the following accounts? 1 Revenues 2 Total Construction Costs 3 Total Equipment Costs 4 Gross Profit 5 Total Overhead Expenses 6 Net Profit from Operations 7 Total Current Assets (current period) 8 Net Fixed Assets (current period) 9 Total Current Liabilities (current period) 10 Total Equity (current period)